EBRD to Lend $265 Million to Jordan to Develop its Grid for Renewable Energy Integration
It has provided over €1 billion in 40 projects since its operations began in Jordan in 2012
December 6, 2018
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The European Bank for Reconstruction and Development (EBRD) has said it will provide $265 million long-term loan to Jordan’s National Electric Power Company (NEPCO). The fund will be used to improve the integration of renewable energy into the grid. Apart from this, the loan will also help NEPCO to refinance its existing short-term debt.
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Nitin Kabeer
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