The commercial operation of A M Solar Project in Jordan, one of the key global projects of Doha-based Nebras Power, is expected to start in June 2019. A M Solar is Nebras’ fourth project in the Kingdom of Jordan. Nebras Power is QEWC’s foreign investment arm and serving its global expansion.
The A M Solar Project in Jordan aims to establish a power plant in Jordan with photoelectric solar power with a capacity of 40MW. Nebras share in the project is 24 percent. The electricity purchase agreement was signed between the Jordanian Ministry of Energy and Mineral Resources, and Nebras in April 2017. The shareholders’ agreement, the partnership contract and the construction contract were signed with the main contractor during November 2017 and the construction was commenced in August 2018.
Elaborating on its global future projects, the QEWC in its 2018 report submitted before the annual general meeting recently, noted the construction of Sumbagot 134-800 MW Power project in Sumatra, Indonesia is expected to commence in the second quarter of 2019. The project is expected to be completed in the third quarter of 2021.
The Sumbagot power project in Indonesia aims to build floating units for the storage and reprocessing of natural gas, which is attached to a power plant with a production capacity of 800MW. A feasibility study was carried out for the projects and delivered to the Indonesian National Electricity Company.
The tender for Nebras’ another key global project, Ibri Project in Oman, was announced in mid-2018 and the technical training was completed in September 2018. The project is expected to be completed in June 2021. The project aims to develop, design, finance, engineer, construct and test the operation, ownership, operation and maintenance of a new 500 megawatt solar power plant with an investment of $21.5m with a 25 percent share of Nebras Energy, 35 percent for Marubeni and 30 percent for Oman gas and 10 percent for Bahwan Renewable Energy.
Nebras, through its subsidiary energy Investment Management in the Netherlands, acquired a 75 percent stake in Zain Holding, a leading developer and operator of solar power generation projects in Netherlands.
The acquisition allowed Nebras access to the attractive and rapidly growing Dutch renewable energy market. Zain, currently has a total of 96 MW of solar power under construction and plans to grow further in the future.
Source from: The Peninsula