Cairo Amman Bank has signed an agreement with Masader Al Haq Energy Consulting Services Company to finance a project to establish a 50-megawatt solar power plant using the Build-Own-Operate (B.O.O.) system. The project is considered unique in Jordan as it uses the latest technologies for large solar power plants and aims to provide clean energy to support the preservation of a green environment in the Kingdom, as part of the bank’s strategy to achieve sustainability and environmental responsibility.

The joint agreement was signed between Cairo Amman Bank, Masader Al Haq Energy Consulting Services Company, and the National Electricity Power Company. This agreement comes within the framework of the bank’s commitment to the green financing strategy launched by the Central Bank of Jordan to confront the risks of climate change and its impact on the national economy.

This marks the first time, a local Jordanian bank, Cairo Amman Bank, is financing a project of this size for a Jordanian company. Through its strategy, the bank aims to ensure the provision of stable, sustainable, safe, and reliable energy supplies, which will contribute to building a sustainable and prosperous future for the Jordanian economy.