The European Investment Bank (EIB) agreed to provide a US$72m (JOD51m) loan to National Electric Power Company (NEPCO), the transmission system operator of Jordan. The EIB’s loan will finance the NEPCO Green Corridor project to strengthen the country’s high-voltage electricity transmission backbone, enabling new facilities generating large amounts of renewable energy to be connected to the network, and electricity to be transmitted from the central/southern desert areas to Amman, where generation is fossil-fuel based. The US$72m will be used to construct a new electricity substation located north of the city of Ma’an; to build new transmission lines; and to modify existing substations to accommodate these new lines. The project is scheduled to be implemented over the period 2015-2018. The project is co-financed by the EIB (lead lender), Agence Française de Développement (AFD) and the EU Neighbourhood Investment Facility.