Hussein 485 MW Power Station Receives Financial Backing from World Bank

The World Bank Group has announced that they will be financing the design, construction, ownership, and operation of the Hussein 485 MW gas-fired power plant in Jordan. K&M served as the Transaction Advisor to the National Electric Power Company (NEPCO) on the negotiations with ACWA for this project, making it the fifth IPP for which K&M has been the transaction advisor in Jordan. Hussein will be one of Jordan’s most energy-efficient plants and will provide electricity at one of the lowest tariffs in Jordan’s conventional power sector.