(With photos) AMMAN, April 21 (KUNA) -- Three Arab funds, including Kuwait Fund for Arab Economic Development (KFAED), helped to finance a USD 191 million electricity project in Jordan, said Minister of Planning and International Cooperation Jaffar Hassan here on Saturday.

He told the press that the KFAED had contributed USD 42 million to fund the project, adding that the steam-powered plant was to produce 150 megawatt of electricity without resorting to gas or fuel, saving up to USD 50 million on annual basis.

The project would increase the electrical capacity in Jordan to 880 megawatts and would cover the growth in demand for power by seven percent.

KFAED has provided 25 loans, worth USD 533 million, to Jordan since the fund's inception in 1962.