
Minister of Energy Follows Up on Reconstruction of Ma'an–Qatra...
اضافة اعلان
Jordan's Minister of Energy and Mineral Resources, Dr. Saleh Kharabsheh, accompanied by Dr. Sufian Al-Bataineh, Director General of the National Electric Power Company (NEPCO), and Engineer Ziad Al-Saaydeh, Chairman of the Energy and Minerals Regulatory Commission, visited the Ma'an–Qatraneh 400 kV transmission line site on Wednesday to inspect reconstruction efforts after several towers collapsed during a February storm.According to NEPCO's official statement, the minister received a briefing on:Progress made on the project so far,Completion rates, andMaintenance actions undertaken in southern Jordan.Dr. Kharabsheh stressed the urgency of completing the project, highlighting the line's strategic importance for ensuring the stability of Jordan's national grid.Dr. Al-Bataineh noted that NEPCO responded immediately after the incident, initiating:An emergency action plan to rebuild the towers,Requests for bids from pre-approved companies, andOperational adjustments and reinforcement of other towers on the grid.He also said the project is expected to be completed ahead of schedule, with full re-electrification of the 400 kV line.Al-Bataineh additionally reaffirmed the importance of the Green Corridor Project, energized in 2021, which has played a vital role in strengthening grid stability and was a success in NEPCO's strategic planning.Background:The Ma'an–Qatraneh 400 kV transmission line sustained tower collapses in February due to severe weather conditions. Fortunately, no power outages were reported at the time.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Jordan News
2 days ago
- Jordan News
Jordan Signs First Executive Agreement for Copper Ore Mining - Jordan News
In a landmark move for Jordan's mining sector, Minister of Energy and Mineral Resources Dr. Saleh Al-Kharabsheh and Hani Ma'touq Al-Asmar, Director General and Board Member of Wadi Araba Minerals Company, signed Jordan's first executive agreement for the exploitation of copper ore on Sunday. اضافة اعلان The agreement grants the company rights to mine 48 square kilometers in the Abu Khushaibeh area of Wadi Araba, south of the Dead Sea, for a 30-year period. Key Highlights of the Agreement: Strategic Significance: Dr. Al-Kharabsheh emphasized that the project aligns with Jordan's Royal Vision and the Economic Modernization Vision, aiming to boost the mining sector, enhance economic growth, and create jobs. Estimated Copper Reserves: Preliminary feasibility studies show an estimated 20–30 million tons of copper ore in the region, with economically viable concentration levels. The ministry plans to continue studying reserves in igneous rock formations in the area. Local Processing Requirement: The agreement prohibits the export or sale of raw copper ore, requiring the company to process extracted materials locally to a specified purity level before any sale or distribution—maximizing local economic benefit. Revenue Sharing & Royalties: A minimum royalty of 3% on gross revenue is set, increasing with global copper prices. Jordan will also collect 31% in taxes from net profits, in accordance with national regulations. Public Offering Requirement: The company must offer at least 49% of its shares for public subscription while retaining up to 51%. It must also comply with environmental and legal standards for public shareholding companies in Jordan. Implementation Commitments: Wadi Araba Minerals has pledged to begin work promptly, including constructing a specialized copper product manufacturing facility. The company must also submit a performance bond and proceed with legislative procedures for the required mining concession law. Broader Mining Sector Developments: Dr. Hisham Al-Zayoud, Director of Geology and Mining at the Ministry, stated that the ministry is also finalizing: Executive agreements for gold mining in Abu Khushaibeh and rare earth elements with New Environmental Company. Copper mining in Dana with Integrated Company. Two agreements for phosphate mining in Risha with Arab Mining Company and Tasnīm Company of Oman. The Council of Ministers had approved the copper mining agreement in its session last Wednesday, recognizing copper as a strategic mineral under special mining concession legislation. The signing ceremony was attended by Secretary General Eng. Amani Al-Azzam, ministry technical committee members, and the technical team from Wadi Araba Minerals Company.


Jordan News
5 days ago
- Jordan News
Minister of Energy: Al-Samra Power Generation Company Contributes About 30% of Jordan's Electricity Needs
On Thursday, the Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, sponsored the Independence Day celebration organized by Al-Samra Power Generation Company in the Hashmiya area of Zarqa Governorate. The event was attended by the Director General of the National Electric Power Company, the Chairman of the Board of Commissioners of the Energy and Minerals Regulatory Commission, and several officials and dignitaries from Zarqa city. اضافة اعلان Al-Kharabsheh stated that Al-Samra Power Generation Company contributes about 30% of the Kingdom's electricity needs, making it one of the largest and most important energy companies in Jordan. He reviewed the achievements in the energy sector, noting that Al-Samra station began commercial production in 2005 with the first gas turbine having a capacity of 100 megawatts. The station's current nominal capacity has reached 1,241 megawatts, with a total capacity expected to reach 1,834 megawatts by 2025. He explained that the station is managed with high efficiency by national staff, with a large portion coming from Zarqa Governorate, which enhances the company's role in supporting local communities and creating job opportunities. Al-Kharabsheh emphasized that the economic modernization vision serves as a roadmap for Jordan, viewing the energy sector as a key driver for other sectors and a main pillar of the national economy. He stressed the importance of confronting current challenges, turning them into opportunities, and aiming to achieve many future ambitions. He also noted that the government is working to fully secure the Kingdom's natural gas needs from the Risha field within the next five years, thanks to the efforts of the National Petroleum Company's teams. For his part, the Director General of Al-Samra Power Generation Company, Engineer Sami Al-Zwaitin, praised the company's achievements since its establishment in 2005 until 2025, during which electricity production increased about twelvefold. Al-Zwaitin added that the company operates with Jordanian hands, pointing out that it contributes to generating more than 30% of the country's electricity production, and that Jordan has witnessed significant development in the energy sector, especially electricity.


Jordan Times
21-05-2025
- Jordan Times
Public debt rises to JD35.08b by March, driven by Eurobond repayment strategy
Government debt reaches JD35.080 billion by the end of March 2025, equivalent to 91.5 per cent of the estimated Gross Domestic Product, excluding holdings by the Social Security Investment Fund (Petra photo) AMMAN — The government debt reached JD35.080 billion by the end of March 2025, equivalent to 91.5 per cent of the estimated Gross Domestic Product (GDP), excluding holdings by the Social Security Investment Fund (SSIF). This figure marks an increase from JD34.178 billion recorded at the end of 2024, or 90.2 per cent of GDP, and includes liabilities from the National Electric Power Company (NEPCO) and the Water Authority totalling around JD8.8 billion, the Jordan News Agency, Petra, reported. According to the Ministry of Finance's monthly bulletin announced on Wednesday, the "temporary" rise in debt is primarily due to the government securing soft loans at "competitive" interest rates, which were deposited with the Central Bank of Jordan (CBJ) to repay Eurobonds maturing in June. The external public debt, including budget and guaranteed, excluding the SSIF's holdings, reached approximately JD19.6 billion by the end of March, which is equivalent to 51.2 per cent of the GDP compared with JD19.335 billion at the end of 2024. Meanwhile, domestic debt stood at around JD15.4 billion, or 40.2 per cent of the GDP, up from JD14.8 billion (39.2 per cent) at the close of last year. In terms of servicing external debt, interest payments in March amounted to JD24.4 million, while principal repayments reached JD56 million. On fiscal performance, total general revenues during the first quarter of 2025 amounted to JD2.163 billion, an increase of JD103 million (5 per cent) compared with JD2.060 billion during the same period last year. In addition, total government expenditures went up to JD2.7 billion from JD2.488 billion, marking a rise of JD212 million (8.5 per cent). This increase was driven by "higher" current expenditures (up JD147 million or 6.2 per cent) and a "significant" rise in capital expenditures (up JD65 million or 65.2 per cent). These developments led to a fiscal deficit of JD537 million in the central government's budget after grants, compared with JD428.8 million during the first quarter of 2024. Before accounting for grants, the deficit reached JD540.4 million, up from JD478.3 million for the same period last year. Page 2