Jordan/Shams Ma'an Photovoltaic Project (Overseas Investment Insurance)
Nippon Export and Investment Insurance
In conjunction with our announcement on January 19th, 2015 for Shams Ma'an Photovoltaic Project which will be operated by Shams Ma'an Power Generation PSC, owned by Mitsubishi Corporation's 100% subsidiary Diamond Generating Europe, Ltd. (DGE), Qatar-based Nebras Power Q.S.C. (Nebras), a subsidiary of Qatar Electricity and Water Company Q.S.C. (QEWC) and Kawar Group (Kawar) from Jordan, Nippon Export and Investment Insurance (NEXI) has decided to provide Overseas Investment Insurance on Mitubishi Corporation's equity portion for the development of the Project through DGE.
This project, with a capacity of 52.5 MW, will be located at Ma'an Development Area (MDA) in the southern part of Jordan, and will be the largest solar photovoltaic project in Jordan. The project entered into a long-term Power Purchase Agreement with the National Electric Power Company (NEPCO) for a 20-year period from the plant operation.
NEXI will continue to support the expansion of overseas business by Japanese companies, and clean and sustainable energy development.
Types of Insurance | Overseas Investment Insurance |
Insured Company | Diamond Generating Europe, Ltd |
Covered Risk | Political Risk 100% for Preventing Global Warming |
Insured Period | 15 years |