Qatar Electricity and Water Company (QEWC), Middle East’s third largest publicly traded utility, is about to close a deal for the purchase of a stake in one of Jordan’s power plants in Amman, The Jordan Times reported.
The newspaper quoted Fahd Hamad Al Mohannadi, QEWC general manager, as saying that the transaction is due to be finalised within the next few days, reportedly adding that the acquisition will be the company’s first investment in the Kingdom.
According to the daily, there are two power generation companies in Jordan, the Central Electricity Generating Company and the Samra Electric Power Generating Company (SEPGC), located in east Amman.
“QEWC sees that Jordan has the investment environment and legislation necessary to attract investors,” he was reported to have said.
The utility is also looking at further power projects in partnership with Jordanian firms, the report said.