Jul 17 2011 |
more articles from
|
Saudi Company to Purchase 51% of Jordan's Central Electricity Generating Company
By Rana KhalifaThe International Finance Corporation , a member of the World Bank Group, will invest about $10.5 million to support the International Company for Water and Power Projects ( ACWA Power ), a leading Saudi energy and desalination company, to acquire 51% of the Jordanian Central Electricity Generating Company ( CEGCO ).
The IFC 's investment will support ACWA's plans to improve the quality of the Jordanian Central Electric Station CEGCO , by improving its abilities, upgrading its capacity, and replacing and renewing operations. The investment will increase the amount of energy that CEGCO generates to ensure that it can respond to the increased electricity needs of the country.
In this context, Paddy Padmanathan, the Chief Executive of ACWA Power Company stated that, "This partnership with the IFC is yet another key milestone in the history of ACWA Power , as we continue to expand our operations in the GCC region, Jordan, Turkey, Egypt, Morocco and South Africa. Working together with the IFC , our focus will be to deliver power in the most sustainable manner at the lowest possible cost."
© Yalla Finance 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment