Al Safawi Solar PV Project (EBRD-49072)

  • Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 18, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Government of Jordan
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 93.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 22, 2017

Disclosed by Bank Jun 15, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
A senior secured A/B loan of up to USD 70 million to finance the construction of an up to 51 MW solar photovoltaic plant located in Safawi Area, 150 km east of Amman, Jordan. The Project will support the country's goals of increasing renewable energy capacity, reducing reliance on costly hydrocarbon imports and meeting rapidly growing electricity demand. As part of the government's second round of direct proposals for solar (Round 2), the Project represents an important part of its ambitious programme to generate 10% of Jordan's electricity demand from renewables by 2020 and reduce greenhouse gas emissions to 14% below business-as-usual levels by 2030. The Project will contribute towards Jordan's transition to a low carbon economy by increasing the installed capacity of renewable energy.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information
Shalabh Arora 971 4 375 8554 23rd Floor, Unit 2304, Jumeirah Business Center, Cluster G, Building G2, Jumeirah Lake Towers, P.O. Box 392632 Dubai, UAE ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at