The Investment Unit plans to increase its investments in the energy sector due to its ongoing growth, and to achieve cash flows in line with the SSIU’s strategy. SSIU is monitoring electricity sector development and oil derivatives sector after its liberation in order to seize the opportunity to obtain shares in companies that will result from this liberation.
• Al Kamsha Wind Power Plant :
SSIU is negotiating with Terna Greek consortium to acquire share in the 40 mega watt project located in Al- Kamsha approximately 22 km northeast Amman.
Meanwhile SSIU is watching closely the development of renewable energy projects to gain shares in these projects once implemented.
• SSIU obtained government consent to own9% of the Logistic Oil Derivatives Company, which will be established as a result of oil and petrol privatization process. The overall establishment of the company is currently dependant on Jordan Oil Refinery Company expansion project and the possibility of entering in to agreement with a strategic partner.
• SSIU is also following the progress of Oil Shale projects as vital and major source of energy to Jordan which imports all its petroleum needs from producing countries.SSIU is closely contacting the qualified companies to discuss possible participation.