His Majesty King Abdullah on Wednesday inaugurated a power plant project, established in partnership between the public and the private sectors.

The 240-megawatt plant project, located in Al Manakher area east of Amman, has been set up at an estimated cost of $360 million.

The major power station was built with the support of the European Bank for Reconstruction and Development (EBRD) and the US Overseas Private Investment Corporation (OPIC).

On the sidelines of the inauguration ceremony, King Abdullah met with the CEOs of the companies involved in the new project and expressed his appreciation of their efforts and contributions to the development of the energy sector.

His Majesty also expressed his full support to the Arab and foreign investors operating in the Kingdom.

The companies’ CEOs expressed their readiness to expand their investments in the Kingdom, praising its security and stability and openness for investments, highlighting the modern and advanced technologies used to generate electric power via solar energy.