Capital Investments Acts as a Strategic Partner and Financial Advisor in Development of 100MW Wind Power Plant in Al-Tafila, Jordan
Overview of Transaction
Mass Energy Group Holding Ltd. (“MEGH”) announced the signing of a Power Purchase Agreement (“PPA”) with the National Electric Power Company (“NEPCO”) for a planned 100-megawatt wind power plant (the “Plant”) in the Hashemite Kingdom of Jordan. The term of the PPA is 20 years and the investment in the project is estimated at USD 220-230 million.
Significance of Transaction
The project represents one of the largest wind power plant in Jordan. The signing of the PPA reinforces Capital Investments’ track record in developing, advising on, financing and investing in renewable energy projects.
Significance of Transaction
Capital Investments is acting as exclusive financial advisor to MEGH on the project. In addition to its role as financial advisor, Capital Investments is an investor for up to 25% in the equity of the project company.
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