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SSC investments in power generation, renewable energy surpass JD100m

By JT - Jun 13,2019 - Last updated at Jun 13,2019

Social Security Investment Fund President Kholoud Saqqaf highlighted the importance of investing in traditional and renewable energy on Wednesday, as it was announced the fund’s investments into the sector had surpassed JD100 million (JT file photo)

AMMAN — The Social Security Corporation’s (SSC) investments in electricity generation and distribution projects has recently exceeded JD100 million, the Jordan News Agency, Petra, reported on Wednesday.

The Social Security Investment Fund’s president, Kholoud Saqqaf, stressed the importance of investing in traditional and renewable energy, adding that the fund directly and indirectly supports electricity-generation and renewable-energy projects.

The sector contributes to improving sustainable development, in addition to employing a large number of trained workers, Saqqaf told Petra.

She also commended some of the Electricity Distribution Company’s (EDCO) projects dealing with power distribution, praising EDCO’s commitment to safety standards.

The company has completed a number of projects in the last few years to improve the delivery of power to citizens, according to EDCO General Manager Hassan Thneibat.

EDCO also recently completed integrating the SCADA system, which will control all of the company’s main stations, in addition to isolating electrical breakdowns and restoring power, he added.

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