Tag: NEPCO

Arabia Trading & Consulting (ATC) Reaches Financial Close

ATC Secures Financing for 66.69 MWp Solar PV Project

Arabia Trading & Consulting (ATC – an Arabia Group company), a leading Jordanian utility-scale solar developer, has announced it has reached financial close for its second solar project in Jordan, further cementing its commitment towards supporting Jordan’s renewable energy ambitions…

IMF

Growth Against the Odds

Despite having to contend with regional turmoil and significant domestic challenges, the IMF’s Mission Chief for Jordan believes the Kingdom’s economy will keep expanding in 2017. By Dina al-Wakeel  It’s been a trying few years for Jordan’s economy. From raging…

Minister of Finance Omar Malhas on Jordan's Economy in 2017

The Economy in 2017

Jordan’s Finance Minister, Omar Malhas, says the country will have to make some tough economic choices in 2017. By Dina Al Wakeel Jordan’s public debt now stands at almost 95 percent of GDP, and unemployment is running at around 16…

Ole Sloth Hansen, Saxo Bank's head of commodity strategy

Boost LNG and Solar Energy – Saxo Bank

Saxo Bank said Jordan can significantly cut its energy costs over the coming years by relying extensively on Liquefied Natural Gas (LNG) and solar power, whose prices continue to go down. “The main thing for gas in the coming years…

Jordan on Track to Meet Renewables Target

The expansion of Jordan’s renewable energy sector has seen a marked acceleration in recent years. Nearly 1,000 MW of solar and wind projects are currently being implemented across Jordan. These developments dovetail with a national strategy aimed at raising the…

Gas on Tap

It’s only been up and running for around a year, but Aqaba’s LNG terminal has already proved itself indispensable to Jordan’s vital energy diversification drive. By Dina al Wakeel With several renewable energy projects under construction and a nuclear plant…

Housing Bank's new building

Banking on Success

The Housing Bank for Trade and Finance is building on its solid reputation to expand its retail and corporate business. Jordan’s banks are known for their resilience. The sector has been one of the main pillars that support the economy…

What Cheap Oil Means for Us

On paper, record low oil prices should prove to be an economic bonanza for an emerging market energy importer like Jordan. But what’s the reality? By Dina al-Wakeel In 2011, just when it was trying to get back on its…

investment

Let’s Capitalize on Cheap Oil

We could just sit on the huge savings we’re making from plunging oil prices. Or we could plough them into developing renewable energy sources that reduce our reliance on expensive and polluting fossil fuels. A quick calculation of the savings…