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EBRD to loan $45m for NEPCO transmission station

Electricity
(File photo: Jordan News)
AMMAN — The European Bank for Reconstruction and Development is considering providing a loan of about $45 million to the National Electric Power Company (NEPCO) to finance the construction of a high voltage, 400 KV, transmission station, according to Al-Mamlaka TV.اضافة اعلان

The bank is scheduled to approve the loan in November. The new station is located in the northeastern part of Jordan, which helps improve the capacity of the electrical network to absorb existing and new renewable energy projects.

It would also increase transmission flexibility, enhance the voltage of the electricity network in northeastern cities and outlying villages, and facilitate network connection operations with neighboring countries.

The project will promote the use of renewable energy sources, enhance energy security through diversification of energy supply and energy market integration, and support NEPCO’s Electricity Training Center by developing a “green skills” training program to improve access to market-relevant skills and job opportunities for the youth.

The project also aims to enhance access to skills and employment in Jordan by improving policy concerning apprenticeship arrangements, and help all levels of NEPCO management implement best practices regarding equal opportunities, fair employment, evaluation of performance, and job promotion.


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