Jordan recently closed its second round reverse auction of 200 megawatts of solar photovoltaic power projects with the top winning bid at 6.15 cents per kilowatt hour.
The lowest qualifying bid under the first auction of 200 megawatts capacity earlier this year was 14.8 cents per kWh.
The country has stated that of the 33 companies which had submitted technical proposals for power projects, 24 went on to submit project development bids.
Jordan selected four lowest bidders who will be required to develop solar power plants of 50 MW capacity each. The Greek company SUNRISE Photovoltaic Systems submitted the lowest bid.
It was followed by the construction company Saudi Oger (6.48 cents per kWh); Spanish developer Fotowatio Solar Renewable Ventures, a wholly owned subsidiary of Dubai-based Abdul Latif Jameel Energy and Environmental Services (6.91 cents per kWh); and Hareon Swiss Holding, a subsidiary of Chinese project developer Hareon Solar (7.97 cents per kWh).
SUNRISE PV systems, the lowest bidder, was founded in 2006 and has been active in the Greek solar market. But the largest project it has developed till date is of 3 megawatts capacity.
Other prominent solar project developers who participated in the bidding included SolaireDirect (8.02 cents per kWh), Mainstream (8.68 cents per kWh), SunEdison (9.04 cents per kWh), and ACWA Power (¢9.29/kWh).
Saudi Arabia-based ACWA Power had won a 200 MW tender from Dubai Electricity and Water Authority earlier this year. It had bid for the project at 5.98 cents per kWh.
Ajith Kumar S