Cairo Amman Bank signed an agreement with Al Haq for Energy

4/18/2024 12:00:00 AM

Cairo Amman Bank signed an agreement with Masadir Al Haq for Energy Consultancy Services to finance the construction of a 50-megawatt solar power plant under the Build-Own-Operate (B.O.O) system. This project is unique in Jordan, utilizing the latest technology for large-scale solar power plants, aiming to provide clean energy to support a greener environment in the Kingdom. The agreement, also involving the National Electric Power Company, aligns with the bank’s sustainability and environmental responsibility strategy, in line with the Central Bank of Jordan’s green financing initiatives to address climate change risks. This marks the first time a local Jordanian bank, Cairo Amman Bank, solely finances a project of this scale for a Jordanian company. The initiative ensures stable, sustainable, safe, and reliable energy supplies, contributing to Jordan's economic prosperity and sustainability.