SPREF - Yellow Door Energy Jordan (EBRD-51215)

Countries
  • 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
Proposed
Bank Risk Rating
B
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
Jan 28, 2020
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.
Borrower
YELLOW DOOR ENERGY LIMITED JORDAN
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 6, 2020

Disclosed by Bank Dec 19, 2019


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Can you contribute information about this project?
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Project Description

According to bank documents, the project involves development, construction and operation of a portfolio of solar photovoltaic (PV) plants in Jordan totalling 48MW, which will supply 100% of the electricity generated to five private consumers: Umniah telecom, Carrefour and Safeway supermarkets, Taj Mall retail and Classic Fashion manufacturer.

The project is being developed under the Wheeling Regulations in Jordan, which allow consumers to establish and lease or own renewable energy plants and, if necessary, connect them to the transmission or distribution system at remote locations for the purpose of generating power for their own consumption.

The project is developed under the EBRD SEMED Private Renewable Energy Framework (SPREF), a USD 250 million framework designed to finance private developers of renewable energy providing electricity to private consumers in SEMED countries.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
Contact Information

Jeremy Crane
jeremy.crane@yellowdoorenergy.com
+962 655 416 55
+962 6 5537246
www.yellowdoorenergy.com 
Suite 302, Prime Centre 13, Tla'a Al-Ali, Zuhar Street, Amman, Jordan

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 pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html