After having recently signed the Power Purchase Agreement (“PPA”) for the repowering of the 485 MW Hussain CCGT IPP, ACWA Power announces the acquisition of Sunrise Solar Energy PSC (from Sunrise Solar System Jordan), which is the project company for the 50MWe solar photovoltaic plant that will deliver the lowest tariff (0.043 JD/kWh equal to ca. 6.13 USD cents/kWh) in the Round II of the Photovoltaic Procurement program of the Ministry of Energy and Mineral Resources. This project will result in c. 2.3 million tons of CO2 saved during its PPA term, which is roughly enough to power 15,000 homes.
The plant will be located in Mafraq Development Area (50km north-east of Amman) and will border with the other two plants awarded with the 2nd and 3rd higher tariffs in the same round, forming a 150MWac Solar Complex.
The PPA and the Connection Transmission Agreement (“CTA”) for the project were signed by Sunrise Solar Energy PSC and NEPCO on 20th January 2016.
ET Solutions from Germany will be the EPC contractor for the project, while the O&M will be undertaken by CEGCO of Jordan, in cooperation with NOMAC, ACWA Power’s O&M subsidiary.