KEC Jordan
Sector: Residential • Location: Jordan
Source: International Finance Corporation (IFC)
Following a transparent bid process, Kingdom Electricity Company (KEC), a consortium of investors from the Arabian Gulf countries and Jordan, was selected as the preferred bidder for the acquisition of the Government of Jordan’s (GoJ) stake in the Electricity Distribution Company (EDCO), covering the East and South of Jordan and the Jordan Valley area, and the Irbid District Electricity Company (I
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Following a transparent bid process, Kingdom Electricity Company (KEC), a consortium of investors from the Arabian Gulf countries and Jordan, was selected as the preferred bidder for the acquisition of the Government of Jordan’s (GoJ) stake in the Electricity Distribution Company (EDCO), covering the East and South of Jordan and the Jordan Valley area, and the Irbid District Electricity Company (IDECO), covering the North of Jordan. KEC’s bid valued the acquisition of both companies (100% of EDCO and 55.4% of IDECO) at about $104 million. While there were bids by local and regional investors to acquire IDECO, KEC was the only bidder for EDCO and offered the most attractive proposal overall. KEC is finalizing the transaction and has approached IFC for funding a portion of the acquisition cost, CAPEX and Working Capital with long term debt. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |