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World Bank member awarded for role in renewable energy deal in Jordan

By JT - Mar 11,2015 - Last updated at Mar 11,2015

AMMAN — The International Finance Corporation (IFC), a member of the World Bank Group, won the IJ Global Middle East Renewable Deal as well as the Middle East Overall Award of the Year for “putting together a $207.5 million debt package to fund constructing a renewable energy deal in Jordan”, according to an IFC statement.

The project to fund the construction of seven solar photovoltaic plants in Jordan won the Infrastructure Journal and Project Finance Magazine awards.

“This innovative project harnesses Jordan’s solar power to meet growing demand for energy in a cost-effective and eco-friendly way,” the statement quoted Mouayed Makhlouf, IFC director for the Middle East and North Africa, as saying.

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