Consortium seeks US$425 million for CSP plant in Jordan
Jordan’s BADR Investments is leading a consortium to raise up to US$425 million for a new 100 MW concentrating solar power (CSP) plant – 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 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.” The CSP solar power plant in Ma’an would underpin Jordan’s strategy of sustainable energy diversification, and was evidence of YATAGAN’s long-term commitment to helping the Government secure additional and valuable new sources of energy, Dr Amin added. Click below link to view PDF: