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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
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
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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