Hashemite Kingdom of Jordan

Al-Samra Power Generating Station (Phase VII)

Loan No.:

620

Interest Rate:

3.0 %

Beneficiary:

Al-Samra Electric Power Generating Company

Grace Period:

4 years

Project Cost:

KD 35.2 million

Maturity:

22 years

Amount of Loan:

KD 16.0 million

Repayment:

37 semi-annual installments

Date of Loan Agreement:

17/05/2015

First Installment:

4 years following the first disbursement

Date of Effectiveness:

30/08/2015


Objectives:

The project aims at satisfying the increasing demand for electric power and energy in the Kingdom by increasing the installed capacity of the Al-Samra power generating station from 1170 MW to 1240 MW. This will be accomplished through the supply and installation of a steam turbine generator unit rated at 70 MW, which, in conjunction with the gas turbine supplied in Phase VI of the station, will create a high efficiency combined cycle block.

Description:

The project, which is expected to be completed by the middle of 2018, consists of the supply and installation of a steam generating unit that will utilize the exhaust gases from the gas turbine supplied in Phase VI of the station, and a 15/132 kV 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 consists of the following main components:

  1. Expansion of the Power Station: This includes the leveling of the project site, along with all other required civil works, the supply and installation of a HRSG unit, a steam turbine generator rated at 70 MW, a 15 kV generator main circuit breaker, a 15/132 kV power transformer rated at 100 MVA, in addition to the execution of all associated civil, mechanical and electrical works.
  2. Consultancy Services: This includes the 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 loan covers about 46% of the total project cost. It is expected that the Saudi Fund for Development will provide a loan equivalent to about KD 16 million (about 46%). 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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