By Omar Obeidat

AMMAN – Qatar Electricity and Water Company (QEWC) is about to finalise a deal to purchase a stake in one of Jordan’s electricity generation plants based in Amman, according to the firm’s top executive.

Fahd Hamad Al Mohannadi, QEWC general manager, told The Jordan Times through an e-mail interview that the deal’s procedures are expected to be completed within the coming few days, adding that the acquisition will be the company’s first investment in the Kingdom.

He stopped short of divulging more details on the deal or the partners.

There are two power generation firms in Jordan, the Central Electricity Generating Company and the Samra Electric Power Generating Company (SEPGC).

SEPGC, located in east Amman, is the only power generating plant in the capital.

Mohannadi indicated that QEWC, which is a publicly traded company founded in 1990 with paid-up capital of 100 million shares of QR10 each, is also considering implementing power generation projects with Jordanian partners.

“QEWC sees that Jordan has the investment environment and legislation necessary to attract investors,” he noted. read more