EBRD supports secure and green energy in Jordan

The European Bank for Reconstruction and Development is providing Jordan’s National Electric Power Company (NEPCO) with a $100 million financing package to help the firm address working capital constraints. The funds will replace short-term debt financing borrowed at the first peak of the COVID-19 crisis in the spring with a longer-term facility. 

With funding from the Swiss State Secretariat for Economic Affairs, the EBRD will also support NEPCO in an apprenticeship programme to promote career opportunities for women and young professionals, taking the opportunity of this pandemic-related support to build a more inclusive energy sector.