Project News


Project Highlights

Plant

1500 TPD of (P2O5) Phosphoric Acid and 4500 TPD Sulphuric Acid and related facilities at Eshidiya, Jordan.The Financial Closure for the project is achieved and the first disbursal of 80 Million USD was made by the Senior Lenders on 23rd November 2011.

The Foundation Stone of the Project was laid by His Majesty the King Abdullah – II on 3/10/2009. The Project was commissioned and Production started on 29/5/2014. The first consignment of P2O5 was delivered to Kandla India from Aqaba, Jordan on 26/6/2014.
The Project was commissione1500 TPD of (P2O5) Phosphoric Acid and 4500 TPD Sulphuric Acid and related facilities at Eshidiya, Jordan.The Financial Closure for the project is achieved and the first disbursal of 80 Million USD was made by the Senior Lenders on 23rd November 2011.
The Foundation Stone of the Project was laid by His Majesty the King Abdullah – II on 3/10/2009. The Project was commissioned and Production started on 29/5/2014. The first consignment of P2O5 was delivered to Kandla India from Aqaba, Jordan on 26/6/2014.
The Project was commisd and capitalized on 1/10/2014. The official inauguration of the Phosphoric Acid Plant took place on 10/10/2015 jointly by His Majesty the King Abdullah-II and President of India Mr. Pranab Mukherjee.

Capital Cost

The Project Capital Cost is estimated at USD 860 million.

Funding

Debt : Equity Ratio 39:61. Equity contribution by sponsors USD 524.5 Million, Loans USD 335.5 Million from International Financial Corporation (IFC) and European Investment Bank (EIB)

Equity

IFFCO and its affiliates 52% and JPMC 48%.

Loan Disbursement

The Financial Closure for the project is achieved and the first disbursal of 80 Million USD was made by the Senior Lenders on 23rd November 2011.

Effective date of start of Construction Activities

14th October, 2010.

Commissioned and Production

The plant has been commissioned and production of concentrated Phosphoric Acid (52% P2O5), the final product, has commenced from 29th May, 2014.

JIFCO Jordan : First shipment of Phosphoric Acid

The First consignment of 10,000 tons of Phosphoric Acid from JIFCO Jordan is loaded in the Ship on 26th June 2014 at Aqaba Industrial Jetty, Jordan for transportation to IFFCO Plant, Kandla, India.

Declaring closing & capitalizing

Capitalize Phosphoric Acid project at $860 million. Board declares start of regular operations wef 1st December 2014.


Last Updated on : 23/05/2017
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