Abdul Latif Jameel Energy to power over 120,000 homes in Jordan

Abdul Latif Jameel Energy will be supplying 435 million kilowatt hours of electricity per year in total across the country.
Updated 27 September 2017
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Abdul Latif Jameel Energy to power over 120,000 homes in Jordan

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has announced it has secured financial close for a third project in Jordan. It will further help to bring clean energy to the Middle East, it said.
FRV has closed financing with the European Bank for Reconstruction and Development EBRD) and the Netherlands Development Finance Company (FMO), through a $65 million loan for the development of the Al-Safawi solar plant located in the north of Jordan.
This is Abdul Latif Jameel Energy’s third project in Jordan following Mafraq I and II, bringing the total number of homes to be powered with clean energy past 120,000. Abdul Latif Jameel Energy will be supplying 435 million kilowatt hours of electricity per year in total across the country.
The new 51 MW plant will be located in Safawi, a region in the north of Jordan and an area with high solar potential. The development of the project includes the design, financing, construction and management of the operation and maintenance (O&M) services of the photovoltaic plant, spanning 170 hectares.
Roberto De Diego Arozamena, chief executive of Abdul Latif Jameel Energy, said: “Abdul Latif Jameel Energy has been leading the way on developing solar projects in the region, and our work in Jordan is part of that.
“Governments across the Middle East have set bold targets for renewable energy, just like in our home country of Saudi Arabia, who are forging ahead with projects like Sakaka PV project and Al-Jandal Wind Farm. So we remain committed to being the leading solar PV development company in the Middle East and beyond, and contributing to the generation of clean and affordable energy.”
With TSK as the EPC contractor, the project will incorporate single-axis tracking technology that will optimize its performance, with more than 200,000 crystalline photovoltaic panels that will generate enough electricity to supply more than 40,000 Jordanian homes. The project is expected to generate 240 jobs during its construction.
The loan will be provided to Al-Safawi for Green Energy PSC, a Jordanian company 70 percent owned by FRV and 30 percent owned by Arabia Trading & Consulting Company Ltd. (ATC).


AHG denies link with Al-Habtoor Trading Enterprises

Updated 16 January 2019
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AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”