Oryx Solar Project Jordan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 46421

Status Repaying

Location

Jordan

Business Sector

Energy

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 46421

Status Repaying

Location

Jordan

Business Sector

Energy

Notice Type

Private

Environmental Category

Approval Date

17 Sep 2014

Disclosure date

12 Aug 2014

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Arabic

Project Description

The EBRD is considering providing a senior secured loan of up to USD 13 million to finance the construction of a 10 MW solar photovoltaic plant located approximately 11 km to the west of Ma’an City in Jordan. The project is one of three solar projects being developed by Scatec Solar AS (Norway). It will be one of the first utility-scale solar plants in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports.

Transition Impact

The Project will assist Jordan in diversifying its power sector which is heavily focused on thermal power generation. The Project will increase the generation of energy through indigenous renewable sources.

The Project will be one of the first privately-owned renewable energy projects in Jordan. As such, it has the potential to attract interest from new investors into the Jordanian renewables sector and to set a template for further private sector participation in this and other sectors.

The Client

The Borrower will be a special purpose vehicle incorporated in Jordan for the sole purpose of developing, constructing and operating the Project. The Borrower will be majority owned and controlled by Scatec Solar AS, an integrated solar energy company headquartered in Oslo, Norway. The remainder of the share capital will be owned by local Jordanian entities and individuals including Kingdom Electricity Company.

EBRD Finance

Up to USD 13 million senior secured loan, in parallel with a loan to be provided by the French development agency Promotion et Participation pour la Coopération Économique (Proparco).

Project Cost

Approximately USD 30 million.

Environmental Impact

The Project has been categorised “B” under the Bank’s Environmental and Social Policy (2008), requiring an Environmental and Social Due Diligence (ESDD) of the environmental and social issues associated with construction and operation of a medium sized solar power plant. The Project will result in environmental benefits through the promotion of renewable energy in Jordan. A field visit to the Project site has been undertaken as part of the ESDD to verify that the project is structured to comply with the Bank’s Performance Requirements (PRs), and that Scatec Solar AS has the institutional capacity to implement the relevant PRs. The ESDD did not identify any sensitive issues at this stage. Upon full completion of the ESDD, a Non-Technical Summary (NTS) will be developed and published to enable meaningful stakeholder engagement in compliance with PR 10. The issues which will require corrective measures will be addressed through the implementation of the Environmental and Social Action Plan (ESAP). The PSD will be updated upon the completion of the ESDD.

Technical Cooperation

None.

Company Contact

Scatec Solar AS
Sommerrogaten 13-15
0255 Oslo
Norway
Attention: Torgeir Birgersen

Tel: +47 (996) 38 741
Email: Torgeir.Birgersen@scatecsolar.com

Transition impact

ETI Score:80

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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