Amman, Jordan

Foundation Stone of Mafraq I and Mafraq II

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Fotowatio Renewable Ventures (FRV), held an event in Amman, Jordan, to celebrate the symbolic laying act of the Foundation Stone of two solar PV plants in Mafraq. The ceremony marked the beginning of the construction of Mafraq I and Mafraq II which once operational in 2018, will generate a total of 133.4 MW dc.

The event was held under the patronage of His Excellency the Jordanian Minister of Energy and Mineral Resources (MEMR), Dr. Ibrahim Saif , and it was attended by the former Minister, Dr. Hisham Elkhateb. Other attendees included the Chairman of the National Electric Power Company (NEPCO), His Excellency Eng. Khaldoun Qutishat; the former Minister of Trade and Commerce, Dr. Jawad Anani, and the Deputy Head of Mission of Spain to Jordan, Mr. Tomas Vilarino. Representatives from both FRV and Abdul Latif Jameel, were also actively present during the ceremony: Tristán Higuero FRV’s COO East; Carlo Frigerio, FRV’s Managing Director in the Middle East; Omar Suheimat, FRV’s Business Development Manager in MENA and Roberto de Diego CEO of Abdul Latif Jameel Energy.

Tristán Higuero and Carlo Frigerio, both emphasized the importance that these projects have to foster renewable energy in Jordan, and ensure a sustainable development in the country. They also pointed out how Mafraq I, Mafraq II and an additional 50 MW dc project in Safawi, strengthen FRV’s social commitment, providing affordable clean energy
and giving scholarship opportunities related to the development of these projects.

During the ceremony, His Excellency Dr. Ibrahim Saif, Minister of Energy and Mineral Resources in Jordan, recognized FRV’s role in the expansion of renewable energy in the country, and thanked its contribution in delivering electricity at competitive prices.

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Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

They are known for their expertise in solar technology as well as for their deep knowledge of the process, the financial structure and the energy market as a whole. This enables them to be extremely competitive. This way they reach efficiency and maximize profits, developing economically viable projects even at very tight and ambitious price targets.

Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

Despite their size, they have been competing closely in bids with firms, which had different structures and abilities. This certainly shows their ability to be a strong market competitor. FRV has been a pioneer in market segments where no one had been before, and that has a lot of value.

Fernando Salinas

Country Manager at Central America Region, FRV

Collectively, we have a target to generate an important project pipeline that could help us achieving our company goals in the region.