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MASE to Operate & Maintain Falcon Ma’an Solar Plant

Falcon Ma'an Plant

MASE inks operations and maintenance contract for Falcon Ma’an 23 MW Solar PV Plant

  • Plant developed and owned by Catalyst Investment Management, a leading clean energy developer
  • MASE will carry out a turn-key O&M services scope 
  • Contract further cements the bankability of MASE’s solar O&M value proposition

Amman, Jordan – May 2020: MASE, a leading regional solar operations and maintenance firm, signed a turn-key contract with Catalyst Investment Management (CIM) to operate and maintain the Falcon Ma’an 23 MW Solar PV Plant located within Solar Park I of the Ma’an Development Area in Ma’an, Jordan.  The Plant, developed and owned by CIM, is part of Jordan’s Round I Renewable Energy IPP Program.  It is financed by the World Bank’s International Finance Corporation (IFC), acting as mandate lender for the Seven Sisters Program, together with the Entrepreneurial Development Bank (FMO).

Under the contract, MASE will carry out turn-key operations, maintenance and management services comprising preventative, predictive and corrective maintenance to ensure the plant’s long-term performance and optimal availability.  MASE was selected by CIM as part of a competitive request for proposal process, which involved technical and commercial due diligence carried out by the project lenders and their technical advisers.  The process and subsequent award further cements the bankability of MASE’s solar O&M value proposition and adds upon its rapidly growing operational track record in the region.

A case for brownfield PV plants in Jordan       

The Falcon Ma’an Plant was commissioned in October 2016 and operates under a 20-year PPA with the National Electric Power Company (NEPCO).  The Plant was constructed by Enerray as EPC Contractor, also acting as O&M up until the handover to MASE, as second-term O&M service provider.  The O&M contract with MASE is considered the first major involvement of a specialized O&M firm in a brownfield utility-scale solar PV plant in Jordan and is expected to set a local contractual and operational precedent for other solar assets opting to decommission the involvement of the EPC Contractor in the longer-term operations and maintenance.

 

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About Catalyst Investment Management

Catalyst Investment Management (also known as Catalyst Private Equity) is a specialized energy and water sector investment management company operating out of Jordan, covering primarily the Middle East and North Africa.

CIM’s goal is to help create, invest in, and grow a world class base of renewable energy projects and value added companies that primarily supply the energy and water treatment sectors. These companies range from project developers and projects, to technology developers, to product developers that will help grow and maintain the region’s vital energy and water sectors. Given the region’s global significance in these sectors, the region becomes a platform for the global market. CIM partners with international and regional technology and industry specialists to support this vision.

About MASE’s O&M Value Proposition

MASE operates, maintains and manages commercial and utility-scale solar PV plants with a combined capacity exceeding 100 MWp of operating assets under management.  Our dedication is to long-term performance and our award-winning operations and maintenance value proposition comprises a turn-key scope covering preventive and corrective maintenance, performance engineering and rehabilitation.

In June 2019, we received the ‘Fastest Growing O&M Service Provider’ award for the MENA region from International Finance Magazine, a leading UK-based industry publication.  In December 2019, we signed an O&M contract to operate and maintain the Masdar City Solar PV Plant on behalf of Masdar, a leading regional renewable energy developer.

PV Magazine: Financing for 51 MW PV Plant in Jordan Secured

pv-magazine-on-atc-safawi

EBRD extending loan to finance 51 MW solar PV plant in Jordan

Post originally published by PV Magazine

The European Bank for Reconstruction and Development (EBRD) has announced this week that is extending a $65 million loan to finance a 51 MW solar PV plant in Jordan. The loan is split equally between the EBRD and the Dutch development bank (FMO).

The 51 MW project is located in the Al-Safawi area, Northern Jordan, and is the fourth of the second solar tender that Jordan ran in 2015. All four projects of this tender are about 50 MW each.

Jordan’s first solar tender had also auctioned 200 MW of PV capacity, dispersed among 12 projects that are fully operational today.

A third solar PV tender was initiated by Jordan’s Government in December 2016 also concerning another 200 MW of capacity and the applications are still under review.

The 51 MW project funded by the EBRD and the FMO is developed by Al-Safawi for Green Energy PSC, a Jordanian company that is 70% owned by Spain’s Fotowatio Renewable Ventures and 30% by Jordans’ Arabia Trading and Consulting Company.

Mohanned Khalifeh, CEO of the Arabia Trading and Consulting Group, said that “as the only local developer to be successfully involved in this second round of the solar programme, we endeavour to amplify our commitment through the capacity building of local Jordanian talent across all project phases.”

All four projects of the second solar tender are now under construction.