EBRD provides loan for new solar power plant in Jordan

In:

Renewable energy

Region:

Middle East & Africa

The European Bank for Reconstruction and Development is extending a $22 million loan for the construction and operation of a 50MW photovoltaic plant in the Risha region of Jordan.

The loan will be provided to Risha for Solar Power Projects PSC, a Jordanian company fully owned by the International Company for Water and Power Projects. The EBRD loan is provided alongside parallel loans from the German Investment Corporation DEG and the Arab Bank, of $16 million each.

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