Gov't approves electricity project with Saudi Arabia | Business | Ammon News

Gov't approves electricity project with Saudi Arabia

[11/8/2017 1:53:06 PM]

AMMONNEWS - The cabinet decided Wednesday to approve a memorandum of understanding to implement an electricity interconnection project between Jordan and Saudi Arabia.

In a meeting chaired by Prime Minister, Hani al-Mulki, the cabinet said the memorandum to be signed between the National Electric Power Company and the Saudi Electricity Company will enable both parties to prepare technical and economic feasibility studies for the project, which will strengthen electrical networks, exchange electricity, and enhance the stability and reliability of electrical transmission networks between the two countries.

The cabinet also approved the 3rd amendment to the European Union Grant Agreement for the Promoting Financial Inclusion Program through developing governance and microfinance in Jordan.

On the other hand, the government approved the recommendations of the ministerial group formed to oversee the annual and funding plans for public funds in the Kingdom.

The cabinet has also endorsed several decisions and projects related to local affairs.

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