Agreement signed to establish plant to generate electricityStaff writer ▼ | January 12, 2016
A joint Estonian-Malaysian consortium signed a $1.6 billion agreement to establish a power plant in the Attarat Um Ghudran area south of Jordan.
Agreement A joint Estonian-Malaysian consortium
The project would be financed by the Bank of China and the Industrial and Commercial Bank of China and a joint Estonian-Malaysian consortium.
Once operational, the plant is projected to reduce Jordan's heavy oil and diesel imports, besides providing some 3,000 employment opportunities.
The prime minister said the project would diverse the country's energy sources, stressing the government's commitment to ensure the success of this project with full transparency and effectiveness.
Minister of Energy and Mineral Resources Ibrahim Saif said that the joint venture between Estonian Enefit and Malaysian YTL International, could be the largest in the history Jordan in terms of its funding that will exceed $2 billion by the end of the implementation phase. ■