SFD grants $40 million loan for Jordanian power station

April 14, 2010

Jordanian Finance Minister Dr. Mohammed Abu Hamour and Managing Director of the Saudi Fund for Development (SFD) Yousef Al-Bassam signed a $40 million loan agreement in Amman yesterday. The money will be used to finance the third expansion project for Jordan’s Al-Samra power generation station. The total cost of the project will amount to 127.7 million Jordanian Dinars [$180 million].