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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.
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MENAFN2609201700450000ID1095897627
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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