Padico Holding


The signing of two agreements between PADICO and the Investment Promotion and Industrial Estate Agency (IPIEA)

Operating a solar power plant and adding a new source of water in Jericho Agro-Industrial Park (JAIP)

Rawabi, 24 October 2021 

The Investment Promotion and Industrial Estate Agency (IPIEA) signed an agreement with Jericho Agro-Industrial Park (JAIP) for the development, management and operation of JAIP, a subsidiary of PADICO Holding, a management, operation and maintenance agreement of the Solar Energy Project in JAIP, and another agreement to provide JAIP with additional water resources through the Palestinian Water Authority.

IPIEA in the two agreements was represented by the Chairman and the Minister of National Economy Khaled Osayli, while the Water Authority was represented by Minister Mazen Ghneim and JAIP was represented by its Chairman Khaled Anabtawi.

The solar energy system project aims to provide alternative energy with a production capacity of two megawatts that will contribute to reducing the cost of electric power to factories, which will contribute to increasing the competitiveness of JAIP. This project was implemented with the support of the United Nations Development Program (UNDP) and the Japanese government.

While the second agreement aims to provide JAIP with an additional regular source of water from the sources available in the Jericho Governorate and the Jordan Valley, at a rate of 150 cups per day, for industrial and drinking purposes.

In this context, Al-Osayli affirmed the authority’s commitment to providing facilities to investors in general, especially projects in industrial areas, which are considered a national priority for their ability to advance development, production and creating job opportunities.

For his part, Anabtawi said that solar energy projects are very feasible for industrial facilities and have an effective role in reducing production costs, as electricity is one of the most important production inputs. Consequently, the presence of solar energy to feed these factories with electricity is not only beneficial to them, but also contributes to increasing the competitiveness of these factories with their local and regional counterpart.

Anabtawi added, “The solar energy system project was implemented on the roofs of 22 hangars in JAIP, with a total area of ​​21,000 square meters, especially since the staff of PADICO has experience in managing and operating alternative energy projects, and the water agreement comes to ensure regular and permanent water supply for factories, which contributes to ensuring the continuity of their production.”

He also pointed out that JAIP has become, after the signing of these two agreements, a more attractive district for investment, noting that the industrial electric tariff has been approved previously by the government.

It is worth noting that the total area of JAIP is 615 thousand square meters. The first phase of the development of the Park, which is located on 140 thousand square meters with an integrated and appropriate infrastructure to meet the needs of the industrial and agricultural projects, was completed. And it was built with a high level of technology with its inclusion of multiple systems that preserve the environment and energy within effective management. Currently, preparations are underway to start work on the infrastructure works for the second phase of the project.

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