You are here

Gov't, KBW sign LED street lighting contract

By JT - Jul 27,2016 - Last updated at Jul 27,2016

AMMAN — The Ministry of Energy and Mineral Resources on Wednesday signed the final contract with Khaled Bin Alwaleed Investment Group (KBW Investments) to implement a project for street lighting and to establish a factory to manufacture lighting units using LED technology.

Energy Minister Ibrahim Saif and Saudi Prince Khaled Bin Alwaleed Bin Talal, who is the founder and owner of KBW Investments, signed the deal at a ceremony attended by Prime Minister Hani Mulki.

The contract entails replacing 100,000 lighting units in the Kingdom's streets, saving between 50 per cent to 70 per cent of energy consumption, the Jordan News Agency, Petra, reported. The factory will be in partnership with the state-owned Cities and Villages Development Bank and the King Abdullah II Design and Development Bureau. 

98 users have voted.

Add new comment

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
1 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.


Get top stories and blog posts emailed to you each day.