Jordan on Tuesday signed a $24 million agreement with Arabia One for Clean Energy Investments to build a solar-run power generation plant.
The plant, which will be located in Maan, some 220km south of Amman, will have a total capacity of 10 megawatts, Energy Minister Mohammad Hamed told The Jordan Times.
“This project is of great importance to the country and is part of several projects that Jordan seeks to implement to increase the production of electricity through renewable energy ,” the minister said.
The government will sign agreements with several local and international companies before the end of this month to build 10 solar energy projects with a total capacity of 140 megawatts, Hamed said in a phone interview.
Mohannad Khalifeh, chairman of Arabia One, said the company is owned by a group of Jordanian, South Korean and Spanish investors.
The plant is expected to be operational and connected to the grid in the last quarter of 2015, he told The Jordan Times over the phone.
The company reached an agreement with the government to sell it electricity from the plant at JD0.12 per kilowatt hour, Khalifeh added.
“Electricity generated through solar energy projects  such as ours is much cheaper than energy produced through diesel or heavy fuel,” he noted.
On Monday, the Energy and Mineral Resources Ministry  signed an agreement with the Shams Maan Company under which it will buy electricity generated by a solar power plant  with 50-megawatt capacity at the Maan Development Area from the firm.
Hamed said the project is the first of its kind in Jordan and the largest in the region.
According to the ministry, the investment value of this project, which will produce 160 gigawatts of clean electrical power annually, will be around $150 million. The project is scheduled to be operational in 2015.