Wartsila and Lotte set to build Jordan power plant
Affiliate signs 25-year PPA with NEPCO
Amman Asia Electric Power Company, a specially created company owned by Wartsila Corporation, Korea Electric Power Corporation and Mitsubishi, has announced that it has signed a 25-year Power Purchase Agreement (PPA) with Jordan’s National Electric Power Company (NEPCO). Under the deal, NEPCO will buy electricity from the firm to feed to Jordan’s national grid.
Amman Asia Electric Power is set to shortly sign an EPC contract with a separate consortium - comprising Wartsila and South Korea’s Lotte Engineering & Construction – with the pair expected to construct an IPP in Jordan with a capacity of around 600MW. A separate announcement is expected once the EPC contract is signed.
Wartsila previously announced in January that a consortium of Korea Electric Power Corporation, Mitsubishi Corporation and Wartsila Corporation had been chosen by NEPCO to construct IPP3, an IPP project in Jordan.