21 Jan 2020
Passed Concept Review, Pending Final Review
19 Dec 2019
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD has been deferred in accordance with paragraph 1.4.4 of the Directive of Access to Information.
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.
Historically, Jordan has been overwhelmingly reliant on hydrocarbon imports to meet its energy needs. Over the last decade, Jordan has successfully developed its renewable energy sector, particularly solar, in order to remove the dependence on imported hydrocarbons and reduce their environmental impact. The Project will add renewable energy capacity to the grid, providing clean, reliable electricity at a stable price and reducing dependence on volatile, polluting imported hydrocarbons.
ETI score: 80
The facility's transition impact stems from the following two transition qualities:
Green: The rroject will increase renewable energy production and result in significant CO2 emission savings per year.
Competitive: The project is developed and operated by the private sector with private off-takers. It is one of the first private-to-private renewable projects involving supply directly to the private sector under Jordan's Wheeling Regulations.
YELLOW DOOR ENERGY LIMITED JORDAN
The Borrower, incorporated in Jordan, is fully owned by Yellow Door Energy Limited ADGM, a renewable energy developer and operator incorporated in the United Arab Emirates focusing on energy efficiency and small-to medium scale solar photovoltaic projects.
Environmental and Social Summary
Categorised B (ESP 2014). The construction and operation of the PV plants at the seven selected sites are expected to be associated with limited environmental and social impacts which can be readily mitigated. Independent E&S Due Diligence (ESDD) has confirmed that the Project's E&S impacts are site specific, that the Company has the capacity to implement the Bank's Performance Requirements (PRs), and the technology is in line with good international practice. None of the sites selected for the construction of the PV plants are located in areas associated with high E&S sensitivities. Additionally, a high-level review of the Offtakers' E&S performance has not identified any E&S red-flags.
An E&S Action Plan (ESAP) has been developed to further align the Project with EBRD's E&S Policy. A Non-Technical Summary (NTS) and a Stakeholder Engagement Plan (SEP) have been developed in both English and Arabic. The English version of the NTS can be downloaded below. The Project is in line with the GET approach, with a GET share of 100%.
Independent ESDD included a documentation review, meetings with the Borrower and visits to the seven sites in the Mafraq, Zarqa, Balqa and Amman governorates. ESDD showed the following: YDE has arrangements in place at the corporate level to implement Environmental, Health and Safety and Social (EHSS) requirements in line with international standards. E&S Impact Assessments of the PV plants have been undertaken by YDE in line with national legislation, and a subsequent array of E&S Management Plans (ESMP) have been developed.
All sites are developed on vacant lands, with no associated physical or economic resettlement. No cultural heritage sites are located close to any of the plants.
None of the plants are considered to be located in biodiversity sensitive areas, except for the Taj Mall/ Safeway plots where an additional site walkover is recommended to confirm the pertinence of the mitigation measures identified in the current ESMP.
The ESAP has been developed and agreed with the Borrower to further align the Project with EBRD's ESP. Items in the ESAP include, inter alia: enhancing the current EHSS Management plans, developing a contractor and supplier management plan, development of a local employment plan, updating HR policies, and implementing the Stakeholder Engagement Plan.
The Bank will monitor the E&S performance of the Project on a regular basis.
Technical Cooperation and Grant Financing
TC funds for project preparation provided by the Neighbourhood Investment Facility have been made available to cover part of the cost of the due diligence.
Company Contact Information
Jeremy Crane firstname.lastname@example.org +962 655 416 55 +962 6 5537246 www.yellowdoorenergy.com Suite 302, Prime Centre 13, Tla'a Al-Ali, Zuhar Street, Amman, Jordan
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