Hashemite Kingdom of Jordan

Al-Samra Electric Power Generating Station (Phase V)

Loan No.:

567

Interest Rate:

3.0%

Beneficiary:

Al-Samra Electric Power Generating Company

Grace Period:

4 years

Project Cost:

KD 72.1 million

Maturity:

22 years

Amount of Loan:

KD 30.0 million

Repayment:

37 semi-annual installments

Date of Loan Agreement:

12/06/2012

First Installment:

4 years following the first disbursement

Date of Effectiveness:

08/11/2012


Objectives:

The project represents the fifth phase of the Al-Samra Power Generating Station, located in the Al-Zarqaa Governorate. The project aims at satisfying the increasing demand for electric power and energy in the Kingdom by increasing the installed capacity of the station from 900 MW to 1,040 MW. This will be accomplished through the supply and installation of a steam turbine generator set rated at 140 MW, which, in conjunction with the two gas turbines supplied in phase IV of the station, will create a high efficiency combined cycle block rated at 440 MW.

Description:

The project, which is expected to be completed by the end of 2014, consists of the supply and installation of a steam generating unit that will utilize the exhaust gases from the two gas turbines supplied in Phase IV of the station, two HRSG units, and a transformer to connect the generating unit to the national transmission grid. The project also includes the execution of the necessary mechanical, electrical and civil works, along with the provision of the required consultancy services. The project comprises the following main components:

  1. Expansion of the Power Station: This includes the leveling of land involved in the project site, along with all other required civil works, the supply and installation of two HRSG units, a steam turbine generator rated at 140 MW running on natural gas, a 15/132 kV power transformer rated at 200 MVA, in addition to the execution of all associated civil, mechanical and electrical works.
  2. Consultancy Services: This includes necessary consultancy services required to prepare design drawings, assist in the tendering process, perform project supervision, and participate in witness testing and preliminary acceptance of equipment included in the project.

Financing:

The Arab Fund's loan covers about 42% of the total project cost. The Al-Samra Electric Power Generating Company will cover the remaining cost of the project and any additional cost that may arise.


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