| Project Detail |
Location:
Jordan
Project number:
55758
Business sector:
Municipal and environmental infrastructure
Notice type:
Private
Environmental category:
B
Approval date:
11 Dec 2024
Status:
Exploratory
English-language PSD published:
07 Nov 2024
Project Description
A senior secured loan of up to USD 6.6 million to KbW Investments accompanied by a potential Finance and Technology Transfer Centre for Climate Change ("FINTECC") grant of up to USD 0.4 million. The proceeds of the Banks investment will be used to finance the i) the replacement of old energy-inefficient street lighting fixtures with energy efficient LEDs and ii) the installation of new energy efficient LEDs to increase street lighting coverage in the project catchment areas in Jordan (the "Project").
Project Objectives
The Project is part of energy performance contracts and LED supply contracts that KbW Investments secured in Jordan. The Project contributes to climate change mitigation as it is expected to result in: i) up to c. 4,623 tCO2e reductions, ii) 50% reduction in energy consumption, iii) improved level of services in Project catchment areas, by increasing street lighting coverage from 60-70% up to 100%, and iv) increase in the penetration rate of LED technology in rural areas in Jordan. |
