On April 2, 2017 Mitsui & Co. announced its participation in a new solar power generation business in Jordan, together with AES Corporation, one of the largest power companies in the United States, and Nebras Power, a Qatar state-owned power generation and water treatment company.
A 52 MW solar power generation plant will be constructed and operated in Al Manakher, approximately 25km east of the capital city of Jordan, Amman. The plant is expected to begin commercial operation in 2019 and over the next 20 years will sell all generated power to Jordan’s National Electric Power Company. A long-term power sales contract is due to be concluded within April 2017.
A grand announcement ceremony was held under the presence of Jordan’s Prime Minister Dr. Hani Mulki, and attended by Jordan’s Minister of Energy and Mineral Resources Dr. Ibrahim Saif, other Jordan government officials, Ambassador of Japan to Jordon Shuichi Sakurai, an official from the U.S. Embassy in Jordan, as well as Mohammad Meftaur Rahman, CEO of AES Jordan Business, and Khalid Jolo, CEO of Nebras Power.
Mitsui received the contract for Jordan’s fourth Independent Power Producers (IPP) project in 2012, after working together with AES Corporation on Jordan’s first IPP project in 2006. This will be the third IPP project in Jordan that Mitsui has been involved with, bringing the total amount of energy generation to approximately 700MW, which is equivalent to 18% of the total energy capacity of the country.
As an IPP operator, Mitsui & Co. holds power generation assets in countries all over the world, and although expansion into the development and management of electric power operations is continuing, we are further strengthening renewable energy initiatives such as wind and solar power energy generation. Through such initiatives, and with continued proactive developments that demonstrate its capabilities, Mitsui aims to improve the quality of its portfolio and increase profitability.