Jordan: Shobak Wind Farm - Lender's Engineer, Technical Due Diligence
Jordan, 24 May 2017
The European Bank for Reconstruction and Development (EBRD) and other potential lenders (together, the Lenders) are considering entering into a financing agreement with Shobak Wind Energy PSC (the Project Company) incorporated in Jordan for the sole purpose of constructing and operating a greenfield wind power plant with a capacity of 45 MW, located in Shobak municipality, approximately 46 km northwest of Ma'an, and 210 km south of Amman, in southern Jordan (the Project). The Project involves the installation of thirteen (13) Vestas V136 wind turbine generators (WTGs), each rated at 3.45 MW, giving a total Project capacity of 45 MW, and will be constructed under a full scope EPC contract.
EBRD intends to engage a consultant to provide the Lenders with a technical assessment of various aspects and risks of the Project to enable the Lenders to make a critical assessment of the Project, and if required, to monitor the Project construction activities and commercial operations from financial close.
Phase 1 Technical Due Diligence is expected to last up to 12 months; Phase 2 Construction monitoring is expected to last 24 months; and Phase 3 shall comprise of two semi-annual visits during the first year of operation and one annual visit following the second year of operation
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