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FINANCIAL NEWS
KSA to develop 70 percent share in Jordan’s green project
13 Mar 2016
(MENAFN) Saudi Arabia’s ACWA Power Intl’ proclaimed that it acquired 70 percent of Sunrise Solar Energy, which is developing a 50 megawatt solar power plant in Mafraq.
Furthermore, the value of the deal was estimated at more than USD 200mn, while it’s expected to be finished in August 2017.
Additionally, the project will be situated at Al Hussein Bin Talal Development Zone in Mafraq and will also house two other renewable energy power plants.
Jordan recently imports 97 percent of its energy needs annually, signed many deals for renewable energy projects which will be applied by 2020.
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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