Jordan: Mafraq Power Plant (AIIB-001113)

Regions
  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Jordan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Mafraq
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 1, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Sharikat Al Khanasri Lil Taqa PSC (Etihad Development Company)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 900.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Sep 24, 2026

Disclosed by Bank Aug 31, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the AIIB, the project development objective is to meet Jordan's critical electricity peak demand growth and strengthen grid stability and reliability for increased renewable energy integration by developing a combined-cycle gas-fired power plant as dispatchable generation capacity.

The Project involves financing the development, construction, operation of a greenfield combined-cycle gas-turbine (CCGT) power plant of 700MW capacity and associated infrastructure in Mafraq, Jordan. The Project is sponsored by Etihad Development Company (EDC) and will be implemented through a dedicated project company, Sharikat Al Khanasri Lil Taqa PSC.

The Project is supported by a 25-year Power Purchase Agreement (PPA) signed between the Project Company and the National Electric Power Company (NEPCO) of Jordan.

The Project forms part of NEPCO's Electricity Master Plan 2025-2035 and will serve as a dispatchable generation to cover Jordan's rising peak loads and to address the structural mismatch between its load profile and renewable generation. Moreover, as a synchronous generation, the plant will provide inertia and voltage support to maintain grid stability, thereby supporting Jordan's target to increase the share of variable renewable energy in the power generation mix. The Project will also contribute to lowering the carbon intensity of Jordan's power system by displacing older and more emission-intensive fossil fuel generation.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the Boycott UAE Campaign, Etihad Water and Electricity, commonly known as EtihadWE, is a UAE state-owned utility responsible for supplying electricity and desalinated water across several Northern Emirates.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
National Electric Power Company (NEPCO) Buyer Energy contracts with Etihad Water and Electricity (EtihadWE) Client Infrastructure

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leaders:

Hoon Lee - Investment Officer
Email: hoon.lee@aiib.org

Apurv Gupta - Investment Officer
Email: apurv.gupta@aiib.org

Client - Sharikat Al Khanasri Lil Taqa PSC (Etihad Development Company):

Mohamed El Banna - Head of BD & Investments
Email: Mohamed.Elbanna@etihadwe.ae

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

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How it works