The European Bank for Reconstruction and Development (EBRD) is providing a $95 million financing to support the construction of a 485 MW CCGT plant in Jordan.
The loan will be provided to Mahatat Al Zarqa Le Tawleed Al Takah Al Kahrabaieyah, a limited liability company incorporated in Jordan and majority-owned by ACWA Power International, a major international energy company, EBRD said.
The new thermal power station will be located 40 kilometres north-east of the capital Amman.
Centrica and the European Regional Development Fund are to invest some £19 million in a smart grid and energy storage units project in Cornwall.
Centrica said this was a pioneering trial aimed at creating “a local energy market in Cornwall, which will see the development of a virtual marketplace and the installation of new technology into over 150 homes and businesses.”
The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are to provide sovereign-guaranteed loans of up to Eur46.5 million each to Société Tunisienne de L'électricité et du Gaz (STEG), a state-owned utility company, aimed at promoting investments in the energy sector in the country.