Al Mujib Pumped Storage Hydropower Dam

Strategic Context of the Opportunity:
The Mujib Dam Pumped Storage Project aims to enhance Jordan’s renewable energy storage capacity and improve electricity production. This project utilizes surplus renewable electricity during low-demand hours for energy storage, in line with Jordan’s commitment to renewable energy and sustainable development.

Investment Driver (EMV Driver)
Green Jordan / Sustainable Resources

Nature of Opportunity
Public-Private Partnership (PPP)

Opportunity Overview
The project involves the design, construction, financing, operation, and transfer (DBFOT) of a 450 MW hydroelectric power storage facility with a storage capacity of 7 hours. The project is located near the strategic Mujib Dam. Through a closed system, water will be pumped from a lower reservoir to an upper reservoir during periods of surplus electricity, and then released to generate power during peak demand periods.

Key Component of the Project:

Integration of renewable energy sources for sustainable electricity storage.

Expected Investment Size:

The project cost is estimated at approximately USD 650 million , with an expected internal rate of return (IRR) of double digits.

Investors/Partners
The appropriate partner or alliance profile for this project may include:

Pumped storage experts: Specialists in the design, construction, operation, and transfer of dam and hydroelectric power generation projects.

Operations experts: Companies with experience in managing electricity generation.

Energy management partners: Experts in optimizing energy demand during peak and off-peak periods.