Fujeij Wind Farm

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Fujeij Wind farm is located at Fujeij, 150km south of Amman. Upon completion, the farm would be able to generate 89.1 MW of power and thus supplying 30,000 households. Fujeij wind power company is the project company of Korea Electric Power Corporation. The facility is to be developed by Korea Electric Power Corporation (KEPCO) as a sole sponsor, hence owning 100% of the project. KEPCO was selected as preferred bidder in February 2013, winning out against several other bidders: Daewoo International (South Korea), GDF Suez(France), Terna Enara (Greece). KEPCO will execute the project under a Build - Own and Operate basis. The facility's entire output will be sold to NEPCO under a 20 year power purchase agreement. The plant will be built by Vestas under a turnkey EPC contract and will deploy 27 Vestas V126 3.3MW model, IEC S class wind turbine generators, and be maintained post construction under a long-term Service and Availability Agreement with Vestas. The project reached financial closure in December, 2016. The total project cost is estimated at USD 197 million. Construction of the wind farm is expected to begin in the beginning of 2017. The funding comprises a K-EXIM direct loan of US$ 64 million, with a US$ 52 million K-EXIM covered facility being provided by Mizuho and SMBC. There are also equity bridge facilities totaling US$ 81 million being funded by the commercial banks. Commercial operation is scheduled to occur in October 2018. https://ijglobal.com/data/transaction/20109/al-fujeij-wind-farm-891mw-ppp http://www.windpowermonthly.com/article/1419410/financial-close-89mw-al-fujeij