Mitsui announces commencement of commercial operations at 2nd IPP in Jordan
Jul. 18, 2014
The plant which commenced commercial operations
Mitsui & Co., Ltd. and The AES Corporation ("AES"), through a jointly-established project company, announced on July 10, 2014 the commencement of commercial operations at a 241 MW tri fuel fired diesel engine power plant located in Al-Manakher, 25 km east of Jordan's capital city, Amman.
The electricity generated by the newly-built plant will be supplied to National Electric Power Company ("NEPCO") of the Hashimite Kingdom of Jordan, based on a 25-year Power Purchase Agreement ("PPA") dated December 17, 2012. The total project cost is approximately US$350 million and the project company is indirectly owned 40% by Mitsui and 60% by AES.
This is the second IPP project for Mitsui in Jordan, after Mitsui and AES were jointly awarded their first IPP project in Jordan in February 2006, and have conducted operations and maintenance on the project since July 2008.
Mitsui has a substantial track record and abundant expertise in power and water projects globally, including the Middle East. Mitsui will continue to seek participation in further projects, including large scale IPP/IWPP projects in the Middle East region.
Outline of the Project Company
| Name |
AES Levant Holdings B.V./Jordan PSC |
| Headquarters |
Jordan |
| Representative |
Mohammed Meftaur Rahman |
| Business Description |
Operation of tri fuel fired diesel engine power project in Jordan |
| Shareholders |
Mitsui 40% (through a holding company)
AES 60% (through a holding company) |
| Foundation |
April 2012 |
Outline of AES
| Name |
The AES Corporation |
| Headquarters |
United States of America |
| Representative |
Andrés Gluski |
Business
Description |
Generation and distribution of electric power in the United States, Andes, Brazil, Mexico, Central America & the Caribbean, Europe, Middle East & Africa and Asia |
| Foundation |
1981 |
Project Scheme
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