SHARM EL-SHEIKH, Egypt: During this week's COP27 climate summit in Egypt, Israel and Jordan signed a memorandum of understanding to activate a water-for-energy agreement, after an initial assessment of the project found it to be feasible.
Under the MOU, Jordan will build 600 megawatts of solar power capacity to be exported to Israel, which will, in return, provide the water-scarce Arab country with 200 million cubic meters of desalinated water.
The memo was signed at an event hosted by the UAE, which became the first Gulf state to normalize relations with Israel in 2020 and is a partner in the project.
A statement on Emirati state news agency WAM said that the agreement, entitled, "Project Prosperity," was signed in the presence of UAE climate envoy and industry minister Sultan al-Jaber and U.S. special envoy for climate John Kerry.
Teams representing each country met regularly over the past year to assess the project's financial, planning and regulatory feasibility, said Israel's Energy Ministry.
The signing of the memo "expresses the countries' shared desire to deal with the climate crisis through cross-border cooperation," the ministry added.
In a statement, the UAE said that together with Jordan and Israel, all sides will continue jointly drafting the necessary implementation plans for the project in time for COP28, which is to be held in the UAE next November.