Consortium to raise $425m to construct solar power plant in Jordan
Jordan’s BADR Investments is leading a consortium to raise up to $425m for a new 100mW concentrated solar power (CSP) station, one of the largest in the world, in Ma’an, southern Jordan.
The newly-formed consortium, Yatagan, is a collaboration between Badr Investments, Chescor Capital, maisam architects & engineers and Parsons Brinckerhoff, as well as a number of regional and international companies. The team, which has extensive experience of project management, and capital and debt raising for large-scale infrastructure projects, including power generation and transmission in Jordan and elsewhere in the region, will soon be announcing a suite of investments and other major development projects in the Rift Valley.
Dr Amin Badr El Din, Chairman of BADR Investments and Yatagan, said:
“The Yatagan consortium is focusing on the critical interdependence of sustainable water, energy and food production and we will continue to widen and strengthen our dialogue with technology providers in these fields. We are delighted with this project and expect it to be the first in a number of major developments that build on Jordan’s position as a leader in sustainable initiatives.”
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