Jordan’s Ministry of Energy and Mineral Resources has shortlisted six consultants to advise on the establishment of a fund to support renewable energy in the country.
The Jordan Renewable Energy and Energy Efficiency Fund (Jordan Reef) was established by the country’s renewable energy and energy efficiency law, which came into force in February.
The JD20m ($28m) fund will channel financial support provided by international donors and the government of Jordan to facilitate renewable energy and energy efficiency projects.
The following firms have been shortlisted:
- IPA Energy & Water Economics (UK)
- Fichtner (Germany)
- Taylor-DeJongh (US)
- Econoler (Canada)
- Ernst & Young (UK)
- GreenMax Capital Advisor (Poland)
The chosen consultant will provide technical, financial, legal and institutional advisory services for the establishment and first operational phase of the fund.
Jordan has received $1m from the Global Environmental Facility (GEF) through the World Bank and €1.56m from the French Global Environmental Facility through the Agence Francaise de Developpement (AFD). Part of the proceeds will be used to fund the appointment of consultants to oversee Jordan Reef.