Power privatisation on track

26 July 2002

The Energy & Mineral Resources Ministry is close to finalising legislation to open up the power sector to private investors. A decree will be issued in late August governing the liberalisation of the kingdom's energy sector, a senior ministry official told MEED in mid July. The government intends to sell some 60 per cent of its existing power generation assets. A team led by ABN AMRO-Rothschildand Germany's Fichtneris advising the government on the sale.

Demand for electricity in Jordan is set to grow at an average of 5-7 per cent a year over the next decade. Capacity currently stands at 1,450 MW, with peak load demand estimated at 1,260 MW. The government is also close to finalising a deal with Belgium's Tractebel to develop the country's first independent power plant (IPP) at Kherbet al-Samra (MEED 19:7:02).

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