IFC and Canadian Government Finance Jordan’s Latest Solar Farm
- Plant will deliver power six times cheaper than current prices
- Country is seeking to power a growing population of refugees
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International Finance Corp. and the Canadian government helped fund a $76 million solar power project in Jordan, which is seeking to curb its reliance on expensive natural gas imports and fuel a growing population.
IFC, a member of World Bank Group, arranged the financing package for a 50-megawatt project in the city of Mafraq, northern Jordan, which also includes support from Dutch development bank FMO, Europe Arab Bank and FinnFund, according to an e-mailed statement from IFC released Sunday.