Maan Development Area (MDA) has announced that it will host 3 separate plants to be constructed by renewable energy companies to produce electricity from solar power at a total cost of USD 1.5 billion. Mr Mohammad Turk president of Maan Development Co. whose organization runs the affairs of the development zone said that the company has signed a separate MoU with the companies, which are currently studying the feasibility of these projects each expected to produce 100MW of electricity annually. According to Mr Turk the 3 investors are Jordan’s Bader Investments, US-based Millennium, and a consortium of Jordanian Shams Maan and an Italy-based company. Each deal is worth USD 500 million. Under the MoUs, MDC will provide the companies with the plots of land and infrastructure facilities needed to set up their solar farms.
