Sunday, August 7, 2011

Saudi company to acquire 51% of the Jordanian Central Electricity Generating Company

The 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 Saudi investment will support plans to improve the quality of the Jordanian Central Electric Station
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www.albawaba.com/main-headlines/saudi-company-invest-jordanian-central-electricity-generating-company-383745

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