SSIF accomplished establishing 3 solar energy stations

Social Security Investment Fund (SSIF) CEO Kholoud Saqqaf announced on  Thursday  that the Fund has accomplished establishing solar stations projects by    inaugurating the third station in the Rama/Jordan Valley .

The third solar station will provide power to the InterContinental/Aqaba and Holiday Inn/Dead Sea hotels with electricity with a capacity of 5 megawatts and at a cost of JD  3.7 million. During the construction phase, the station created 100 jobs for Jordanian engineers and workers.

With the launch of the station, the Fund had fully completed the project for the construction of three solar power stations with a total capacity of 15 MW and a total cost of JD 17 million, with a payback period of 3 years. This project will reduce the Social Security Corporation (SSC) utility bill by JD 5 million annually. The project also created 300 jobs for Jordanian engineers and workers throughout the construction phases.

Saqqaf highlighted the importance of this project in increasing the competitive advantage of the five hotels owned by SSC due to the significant drop in their utility bill. The project that also provides power to the SSIF and SSC headquarters and branches is an important step in investing in the green economy and clean energy.

It worth mentioning that SSIF is a major investor in the traditional and renewable energy sectors with an investment value that exceeds JD 100 million.