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FINANCIAL NEWS
World Bank issues USD485mn Jordan power plant
01 Feb 2017
(MENAFN) International Finance Corp and Multilateral Investment Guarantee Agency, members of the World Bank Group will back a 485 MW power plant in Jordan.
Meanwhile, IFC is investing more than USD75mn in the joined cycle plant, situated in the Zarqa Industrial Zone and mobilizing USD200mn of debt.
Moreover, the project is being developed by Acwa Power, a pioneering developer of power plants in the MENA region, at a cost of almost USD485mn.
In addition, the Zarqa plant is projected to produce a gross average of 3.200 gigawatt hours of elect per year.
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MENAFN0102201700450000ID1095229279
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