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FINANCIAL NEWS
Saudi firm secures USD65mn in funding for new solar farm in Jordan
26 Sep 2017
(MENAFN) Abdul Latif Jameel Energy proclaimed that it has issued USD65mn in funding in order to build and operate a new solar farm at Al Sawafi in the north of Jordan.
Furthermore, the Jeddah-based firm proclaimed that funding the 51MW Sawafi 1 project has been offered by the European Bank for Reconstruction and Development.
Additionally, Spanish contractor TSK has been employed to carry out engineering, procurement and building work on a system that will house more than 200.000 photovoltaic panels.
The loan has been offered to a special purpose car, Al-Safawi for Green Energy, which is 70 percent owned by FRV and 30 percent by Amman-based Arabia & Trading Co.
MENAFN2609201700450000ID1095897627
MENAFN2609201700450000ID1095897627
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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