VOL. XLVII
No 12
22-March-2004
JORDAN
PRIVATIZATION
Jordan To Privatize Two Electricity Companies
The Jordanian cabinet on 16 March agreed to privatize two state-owned electricity companies the Central Electricity Generating Company (CEGC) and the Central Electric Distribution Company (CEDC). The government will sell 100% of CEDC and 60% of CEGC, 9% of which will be acquired by the Social Security Corporation. On 1 March Finance Minister Muhammad Abu Hammur signed an agreement guaranteeing a...
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