Nebras Power Expands its Presence in Jordan’s Power Sector -1-

In addition, Chief Business Development Officer at Nebras Power Faisal Obaid Al Siddiqi, stated: “We are pleased to enter into this transaction which is an expression of our strong partnership with the Hashemite Kingdom of Jordan. With the addition of these projects, Nebras and its partners provide over 700 MW to the electricity grid of Jordan, contributing to the steady growth in energy demand and the stabilization of the energy sector in the country.”

Nebras Power Chairman Fahad al-Mohannadi (L), CEO Khalid Jolo

Nebras Power Q.P.S.C. (“Nebras”) headquartered in Doha, State of Qatar, is a joint venture of Qatar Electricity and Water Company (“QEWC”) (60 percent) and Qatar Holding (“QH”) (40 percent). Nebras is a global power development and investment company with a global vision. Its target is a well-balanced investment portfolio in terms of technology mix, markets and greenfield development vs M and A. Nebras is committed to providing safe, sustainable, efficient and environmentally sound energy solutions for future generations.Nebras Power Investment Management B.V. (“NPIM”) is a wholly owned subsidiary of Nebras Power Q.P.S.C., incorporated in the Netherlands and is operating since 2016.

NPIM is the international investment management platform of Nebras Power Q.P.S.C. Its mandate is to own, develop and invest, in greenfield developments and brownfield projects, in the sectors of power and water, in the Netherlands and internationally.Mitsui and Co., Ltd. (“Mitsui”) is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 136 offices in 66 countries as of October, 2018. Utilizing our global operating locations, network and information resources, we are multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields: Iron and Steel Products, Mineral and Metal Resources, Infrastructure Projects, Mobility, Chemicals, Energy, Food, Food and Retail Management, Healthcare and Service, Consumer Business, IT and Communication Business, Corporate Development Business. Mitsui is actively taking on challenges for global business innovation around the world.

Sources and photo-credits: QNA