ACWA Power Donates a 2.6 MW Solar Power Plant to King’s Academy
King’s Academy in Jordan has signed a memorandum of understanding (MoU) with ACWA Power – a leading developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants – to design, develop and construct a Solar Photovoltaic Facility (PV) on the school’s campus. The full cost of the 2.6 MWp plant has been donated by ACWA Power to King’s Academy, amounting to US $4 million. The plant will offset the equivalent of 2,300 metric tons of CO2 and power the equivalent of 350 households.
The MoU was signed by King’s Academy Chairman HE Bassem Al-Salem and ACWA Power Chairman Mr. Mohammad Abunayyan, in the presence of Headmaster John Austin. According to the agreement, the plant will be operational by the spring of 2018.
Speaking at the signing ceremony, Al-Salem expressed his thanks and appreciation to ACWA Power for their generous support.
Al-Salem explained that around 42% of King’s students receive some form of financial assistance.
The solar power plant will provide King’s with a safe, reliable and economical energy supply that will contribute to the school’s goal of sourcing its electricity needs through renewable and sustainable means.
ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants with a presence in 11 countries in the Middle East, North Africa, South Africa and South East Asia. King’s Academy solar power plant is one of ACWA Power’s latest corporate sustainability and responsibility initiatives in Jordan. The company is the largest independent power producer in Jordan with capacity of 1,665MW.
Earlier this week ACWA Power signed a Power Purchase Agreement with NEPCO in respect of the development, financing, construction, ownership and operation of a new 61.3 MWp photovoltaic project in Risha, a province in Eastern Jordan.
Coinciding with celebrations marking the 10th anniversary of the opening of King’s Academy, the signing ceremony took place during the official visit by His Majesty King Salman bin Abdulaziz Al Saud of Saudi Arabia to Jordan this week, in which the Saudi and Jordanian governments signed a number of agreements, memoranda of understanding and joint investment deals.