Amman, Jordan: Daehan Wind Power Company (DHWP)—a joint venture between DL Energy Co. and Korea Southern Power Co.—held an inaugural ceremony to celebrate the successful completion of the company’s wind power project in the Tafilah Governorate. The ceremony was held in Amman, at the W Hotel, and was attended by key project stakeholders, local media, and others engaged in the Kingdom’s energy sector.

Daehan Wind Power Project, a USD100 million project that has been in development since 2012, seeks to enhance Jordan’s energy security and independence through sustainable clean energy solutions. Developed in cooperation with Vestas Middle East—a global leader in wind turbine manufacturing—the project boasts a total capacity of 51.75 megawatts, and will meet the annual electricity needs of around 40,000 local households. This will be provided through a 20-year power purchase agreement with Jordan’s National Electric Power Company (NEPCO).

Despite the challenges faced as a result of the COVID-19 pandemic, Daehan Wind Power Project managed to commence its commercial operations on July 31 of this year. The project will be managed in close cooperation with local communities, and will contribute to the job market through the hiring of local staff in the fields of security, logistics, and maintenance.

Speaking on the occasion, the Vice President of Overseas Business Development at Korea Southern Power Co. (KOSPO), Ji-Hoon Kang, stated, “The official commencement of operations at Daehan Wind Power Project serves to realize a pivotal investment in Jordan’s environmental and economic future. As clean energy solutions increasingly become a global imperative, the need to enhance the Kingdom’s energy security and sustainability will only increase. This project signifies a clear and confident step in the right direction, and a strong indication of the country’s strategic commitment to pursuing a secure, sustainable future.”

Meanwhile, DHWP CEO Tae-Hee Cho said, “Daehan Wind Power Project represents a significant achievement along Jordan’s strategic path toward greater energy independence, and we at Daehan Wind Power Company greatly appreciate the government’s support in helping facilitate and bring this project to life. We would also like to thank our investors, lenders, and local community members who have supported the realization of this milestone. We look forward to further entwining ourselves in the local community and building fruitful, long-term relationships that allow us to expand our positive impact on the livelihoods of community members, and on the national economy as a whole.”

Also commenting on the occasion, KOSPO CEO Seung-Woo Lee said, “Daehan Wind Power Project is a significant milestone along KOSPO’s strategic journey in the Middle East and North Africa. With the success of this project serving as a benchmark, we will continue to expand our renewable energy portfolio across the MENA region, and throughout other pivotal regions and markets.”

Daehan Wind Power Project will work to reduce the Kingdom’s reliance on non-renewable energy sources like oil and natural gas, which will ultimately help make Jordan more energy independent, while also reducing greenhouse gas emissions and air pollutants. The project is expected to offset more than 112,000 tons of CO2 annually.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.