The World Bank’s International Finance Corporation (IFC) unit is overseeing the funding of two power plant projects in Jordan – a 485MW gas-fired plant to be built at Zarqa, 35km north of Amman, and a 200MW solar photovoltaic (PV) plant to be built 10km south of the capital at Al-Muwaqqar.

Saudi private developer Acwa Power is building the Hussein gas-fired plant within the Zarqa Industrial Zone at an expected total cost of $485mn. IFC is lending $75mn for the project and...