Nepco expects $56m losses

24 June 2010

Jordan's National Electric Power (Nepco) has revealed its losses during the first six months of this year are expected to reach JD40m ($56m), Jordan Times has reported. The projected losses are attributed to the reduction in Jordan's share of Egyptian natural gas and thus, the increase in reliance on heavy fuel oil for electricity generation, according to Nepco's general manager Ghaleb Maabreh. Since the beginning of the year, Jordan received around 60% to 70% of the total amount of gas allocated to the kingdom due to technical difficulties in the Egyptian gas wells, he said.

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