Home / News / JD 100 million investments of Jordanian Social Security Fund in renewable energy

JD 100 million investments of Jordanian Social Security Fund in renewable energy

Media In / Amman 12 June 2019
The investments of the Social Security Corporation through its investment fund in electricity and renewable power generation and distribution projects amounted to more than 100 million dinars.
During a visit to the Electricity Distribution Company, the head of the Social Security Funds Fund, Khuloud Al-Saqqaf, stressed the importance of investing in the traditional and renewable energy sector, which has direct and indirect investments in the generation and distribution of electricity, in addition to a number of renewable energy projects.
She added that this sector is vital and contributes to the achievement of sustainable development in addition to its operation of a large number of qualified and trained local manpower and its contribution to activating the activity of the related economic sectors.
She praised the projects implemented by the Electricity Distribution Company recently to ensure the delivery of electricity to the citizens, stressing full commitment to safety standards for workers in the field to maintain their lives and safety and reduce work injuries in the performance of their duties around the clock.
The company’s chairman, Tawfiq Krishan said: “The company is keen to move forward in the advancement of the tasks entrusted to them, a goal and a destination in the service of the citizen.
He stressed that the management of the company is keen to ensure that the company completes pilot projects that will provide a service of high efficiency for citizens.
“The company has completed several projects in the last few years in order to ensure the continuous delivery of electricity to the quality of the citizens in its areas of operation, which include about 70 percent of the Kingdom, in the governorates of Aqaba, Ma’an, Karak, Tafila, Jordan and East Jordan.
He explained that the company recently completed the control and control system (SCADA), which will control all the main stations of the company, in addition to the air breakers working on the networks of medium pressure, in the areas of work of the company, adding that the system will be able to isolate electrical faults and restore electricity to subscribers As soon as the periods of interruption will be reduced.

About Admin 02

Check Also

Mansour bin Zayed chairs Mubadala Investment’s Board of Directors meeting

ABU DHABI, 23rd January, 2024 (WAM) His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice …