SPREF - Yellow Door Energy Jordan (EBRD-51215)

Countries
  • Jordan
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jan 28, 2020
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
YELLOW DOOR ENERGY LIMITED JORDAN
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 Amount (USD)
Not Disclosed
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 @ EBRD website

Updated in EWS Mar 3, 2020

Disclosed by Bank Dec 19, 2019

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

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 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
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Carrefour Supermarkets Buyer -
- - - - Classic Fashion Manufacturer Buyer -
- - - - Safeway Supermarkets Buyer -
- - - - Taj Mall Retail Buyer -
- - - - Umniah Telecom Buyer -
- - - - Yellow Door Energy Limited Parent Company -
- - - - Yellow Door Energy Limited Jordan Client -

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.

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 

How it works

How it works