ACWA Power has agreed with the Government of Jordan to develop, finance, construct, own and operate a new 61.3 MWp photovoltaic project in Risha, Jordan.
ACWA Power submitted a record-low tariff of JOD 42 fils per kWh, the lowest tariff for solar energy ever presented for a Jordan-based project, 3.3%% lower than the previous lowest tariff provided to Jordan with the Mafraq PV project, also developed by ACWA Power under the Round II of Proposals for Renewable Energy in Jordan.
When it reaches completion targeted on Q1 2019, the plant will save c. 79.000 tons of CO2 and will power 12.000 households.
Ahead of the ceremony, Dr. Ibrahim Saif minister of Energy & Mineral Resources for the Hashemite Kingdom of Jordan, said: “Today the kingdom of Jordan takes another step toward sustainable and enduring energy security. Under the leadership of His Majesty King Abdullah II, the country has set ambitious renewables targets that not only reflect our needs at present but also safeguard us for the future.”
“Energy projects are long-term by nature, and in selecting ACWA Power, we have partnered with a business that is invested in Jordan’s energy infrastructure. With Al Risha, ACWA Power is coming on board as an investor, as well as a developer, and that commitment reflects their continued confidence in Jordan’s political stability and economic viability.”