The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are enhancing Jordan’s power grid with a €67.1m ($70.1m) financing package.

The initiative aims to support Jordan’s energy sector through the National Electric Power Company (NEPCO), facilitating the country’s renewable energy targets for 2030.

The financing package includes a sovereign-guaranteed EBRD loan of $56.5m and an EU investment grant of $12.9m.

The funds will be used to construct a new high-voltage electricity substation in northern Jordan, improving the grid’s capacity to handle existing and new power generation.

EBRD head of the Eastern Mediterranean Gretchen Biery stated: “We are proud to support NEPCO, in collaboration with the European Union, in developing vital transmission infrastructure that strengthens Jordan’s power sector. This project enhances regional interconnectivity and supports the country’s green transition, in line with its economic modernisation vision.”

The project also involves the construction of four new overhead transmission lines.

It involves two 400kV lines connecting to the existing Samra and Amman West substations, and two 132kV lines linking to the Hasan Industrial and Jerash substations.

The enhancement of Jordan’s transmission infrastructure is crucial for supporting the growing share of renewables.