Mitsubishi to Join 52.5-Megawatt Solar-Power Project in Jordan

A unit of Mitsubishi Corp. (8058) and its partners will build a 52.5-megawatt solar-power plant in Jordan as the country targets developing 1,600 megawatts of clean energy by 2020.

Mitsubishi’s Diamond Generating Europe Ltd. and Nebras Power Q.S.C. will each have a 35 percent stake in the Shams Ma’an project, Tokyo-based Mitsubishi said in a statement today. The rest will be held by Kawar Group.

The plant has a long-term power-purchase agreement with the National Electric Power Co. for the entire output beginning 2016, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Ana Monteiro, Indranil Ghosh

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