| 29 Sep 2009 |
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Millennium Energy Industries Receives US Government Funding for Concentrated Solar Power (CSP) Project
Mr. Ennis Rimawi of MEI (left) with Ms. Taraneh Bastani of USDTA Jordan (middle) during the signing ceremony
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29 September 2009, Amman, Jordan - Millennium Energy IndustriesMillennium Energy Industries
(MEIMEI), a regional leader in integrated solar solutions, today signed a grant agreement with the U.S. Trade and Development Agency granting MEIMEI the sum of $738,000 to support a feasibility study for a 100 MW concentrated solar power (CSP) project that will be implemented in the Ma'an industrial estate in partnership with the Ma'an Development Company (MDC) and U.S. technology provider eSolar, Inc. Mr. Ennis Rimawi, chairman of MEIMEI
and Managing Partner of Catalyst Private Equity (the majority owner of MEIMEI), and Ms. Taraneh Bastani, USTDA (Jordan) Country Manager signed the agreement in the presence of Mr. Mohammed Turk, CEO of the Ma'an Development Company. MDC, owned by the King Abdullah Fund for Development, have made solar energy a priority in their development plans recognizing the high solar resource that Ma'an area offers, and solar energy's promise to support the country's growing energy needs that are being fulfilled by imported fuels.
Earlier this year, MEIMEI and MDC have implemented various joint activities to promote solar energy development activities at the vocational training centers, Al Hussein University, and the industrial estate where several projects have been implemented successfully.
With this feasibility study, MEIMEI and its partners aim to catalyze the development of a CSP project that maximize its contribution to the local economy while establishing a spring board for other CSP projects in the region.
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About Millennium Energy Industries
MEIMEI
was founded in 2002 by a shared vision between scientific and business minded pioneers with the objective of serving the solar energy needs of the region utilizing best in class proven technology for solar thermal and power. Today, MEIMEI is an international regional company, based in Amman-Jordan and operating in the Arab MENA region, with over 200 reference solar energy projects in more than ten countries. MEIMEI is majority owned by Catalyst Private Equity, a regional Venture Capital firm based in Jordan. MEIMEI's core products and services include solar thermal applications for residential, commercial and industrial clients, solar cooling and solar power.
For further information, please contact
Shukri Halaby
Millennium Energy IndustriesMillennium Energy Industries
Tel: +962 6 585 5533
Fax: + 962 6 581 3753
Email: info@millenniumenergy.co.uk
Mohammad Salameh
Catalyst Private Equity
Tel: +962 777 841 777
© Press Release 2009
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