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FINANCIAL NEWS
IFC to build USD76m solar plant in Jordan
26 Sep 2016
(MENAFN) International Finance Corporation (IFC) arranged a USD76mn financing package for Fotowatio Renewable Ventures to build a new 50 MW solar plant in northern Jo.
Furthermore, the financing package, which involves USD21mn from the IFC-Canada Climate Change Program, will help the building of first solar plant in the city of Mafraq.
Accordingly, the new plant will supply power at 6.9 cents per kilowatt-hour, a price far below Jordan”s average cost of elect and amid the lowest for solar energy.
The plant will start operating by 2018, represents almost 1 percent of the kingdom”s overall generation capacity and will supply almost 155mn kilowatt hours per year.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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