To what extent are financial support and investment volumes from the GCC being affected by lower oil prices?
Jordan Energy
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Economic update | Jordan pushes ahead on renewables
21 Jun 2016
The expansion of Jordan’s renewable energy segment has seen a marked acceleration in recent years, with nearly 1000 MW of solar and wind projects currently being implemented.
Plans are under way to significantly boost Jordan’s energy independence over the coming years with a range of renewable power projects, including the largest solar power plant in the region.Plans are under way to significantly boost Jordan’s energy independence over the coming years with a range of renewable power projects, including the largest solar power plant in the region.
Jordan’s decision in 2012 to begin a phased withdrawal of electricity subsidies was undoubtedly a good one from the point of view of the kingdom’s public finances.
Rising demand for power and disruptions to gas supplies from Egypt have left Jordan struggling to meet its energy requirements, with imports adding to the economic headache.
Jordan’s high energy import bills and the frequent power cuts resulting from shortfalls in supplies from Egypt may soon become less of a problem as a new liquefied natural gas (LNG) import facility at the port of Aqaba is set to come on-line by the end of the year.