Edama, Meydan ink renewable energy deal
Amman, December 5, 2010
Edama Association, a private sector lead initiative supported by the USAID Jordan Economic Development Program has has signed a MoU with Amman-based Meydan for co-operation in the fields of renewable energy.
A nonprofit association interested in energy, environment, and water affairs and preservation, Meydan said the MOU aims, among other things, at supporting innovative concepts in the renewable energy projects, participating in the back up activity of local and regional energy sector, and finding effective environmental solutions.
Mutual interest of Edmaa and Meydan, actualized through the MOU, lies in the transformation of renewable ideas of energy into successful, feasible and sustainable projects.
The two parties have also agreed to set up a cooperation framework to effectively endorse and support these concepts.
The MoU stipulates that Edama and Meydan are to present innovative ideas with the necessary back up such as technical consultation, communication network, and communication channels for potential investors.
As per the deal, Meydan will render business consultation to the qualified candidates and other back up services, including incubation of the new ideas and networking with potential investors.
Edama on its part will to focus on other types of backup such as technical support and consultation as to combating the challenges of energy, environment, water, and preserving them.
The three-year deal was signed by Edama executive CEO Nasser Majali and the director of Meydan, Khaled Sadeddin.
Commenting on the deal, Majali said 'The memorandum emanates from our firm belief in the objectives Meydan aims to achieve for the community in terms of collecting real, on the ground, and applicable projects.'
'Being a nonprofit association interested in energy, environment, and water affairs and preservation, we are gratified to have been able to support Meydan in realizing mutual interests and objectives, and eventually serve the community at large,' he added.
Sadeddin said the agreement will enable Meydan to realize its communal objectives, and 'those of our youth and their dreams and aspirations through transforming their ideas into real, on the ground projects.'
Edama seeks to create a vibrant new economic sector of energy businesses, drive R&D and commercializing of Jordanian technologies besides creating public awareness and advocating policies that will make the Kingdom a model of energy efficiency, water conservation, and environmental stewardship.-TradeArabia News Service