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...