The EBRD announced the funds will be used by NEPCO to repay short-term debt and to enhance the capabilities of the Jordanian power network.
Grid improvements will include the construction of substations, as well as the introduction of automated grid management systems and transmission infrastructure.
“As a result, solar energy generated in the north and south of the country will be able to feed into the grid, and be directed towards areas with high demand, such as the capital, Amman,” the ERBD said.
The bank will also help the Jordanian government implement reforms to improve the utility’s governance and operations.
According to the latest statistics, Jordan’s renewable energy capacity stood at 732 MW at the end of 2017, mostly in the form of PV. In April, however, the 103 MW Quweira solar project – the country’s largest – was commissioned. Another 2.2 GW of renewables is set to be deployed by 2021.
NEPCO’s power system relies on 3,186 MW of installed capacity, and has two 400 kV tie lines connecting it with those of Syria and Egypt.