Masdar will build a solar plant in Jordan with capacity to produce 200MW of energy, according to Ibrahim Saif, Jordan's minister of energy and mineral resources.
The project will cost about $200 million, Saif said in an interview in Abu Dhabi. An agreement is expected to be signed this week. "We will make an announcement on our activities in the kingdom in due course," Ahmad Belhoul, chief executive officer of Masdar, said in an e-mail. "Jordan is an important market for Masdar, and we continue to explore various project opportunities there."
Jordan plans to have 500MW of wind and solar power capacity by the end of this year as the country boosts the amount of electricity produced with renewable energy, Saif said in a statement on Saturday. Of the planned 1,000MW of projects being developed in the kingdom, 170MW are already operational and the rest is expected to come online by 2018, the ministry said.