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    Initiatives worth JD688mln outlined in economic modernization vision

    January 18, 2023 - Jordan News Agency


      Amman, Jan. 17 (Petra) -- The Economic Modernization Vision's executive program has outlined 12 initiatives and 54 priorities for energy and water sectors, worth JD688 million for the 2023-2025 period.

      The initiatives include reviewing the fuel pricing mechanism, shifting towards smart grids, building electrical interconnection projects with neighboring countries, prospecting for mineral resources, establishing the National Water Carrier Project, and increasing the Kingdom's strategic reserve of water.

      Moreover, the clean-energy transition initiative will focus on updating the mineral resources strategy, and will work on drawing a road map for the use and the production of hydrogen, studying the transition towards electric transportation, and completing the economic feasibility studies for the green hydrogen and green ammonia production project.

      To enhance the energy efficiency, the initiatives will embrace policies to reduce the cost of the electrical system, such as time-related tariffs. In addition, solar heater systems will be installed for several governmental and military hospitals, municipalities, and impoverished households.

      In efforts to reduce the costs of energy supply, a financial sustainability plan will be developed, in line with the gradual shift towards smart grids, and supplying the industrial cities with natural gas.

      As for the energy infrastructure development initiative, the focus will be on implementing the Jordanian-Iraqi electricity interconnection project, raising the electric capacity between Jordan and Egypt to 1100 megawatts, and choosing the best model for the Jordanian-Saudi interconnection project. Also, the fourth expansion project of the Jordan Petroleum Refinery Company will be tackled, along with a project to connect cities and industrial areas to natural gas networks.

      The initiatives will also address Jordan's electricity linkage with neighboring countries, developing the capacity of the Aqaba oil terminal, sealing an investment agreement for the liquefied petroleum gas storage project, and considering the generating capacity of renewable energy and green energy.

      Concerning the water sector, the initiatives will focus on reducing water losses by implementing a water loss strategy meant to reduce losses by 2 percent per year. Meanwhile, the initiatives will build distribution networks and dams, and will work on finding new sources of water in order to improve the water supply.

      In addition, a plan for the financial sustainability of the water sector will be implemented, including exposing violations on water pipelines and networks, and monitoring groundwater resources.

      //Petra// RZ 17/01/2023 12:21:22


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