Under the contract, funded by the World Bank, PWC will advise on the transition of the domestic electricity market from a single-buyer market dominated by Nepco to a wholesale and competitive one. The scope of works includes the preparation of a six-month study addressing issues such as the transition of the power market structure, legal framework, regulatory and pricing issues, power purchase agreements, benchmarking principles and new arrangements for regional electricity trade.

Nepco recently secured two medium-term loans of JD 20 million ($28.4 million) each from Cairo Amman Bank and Arab Jordan Investment Bank.

Each loan has a grace period of three years and Nepco will use the funds to finance the construction of new substations and upgrade existing ones in the east and south of Amman, in Dulayl and in Salt. New power lines

connecting the substations are also planned.