By 2025, nuclear power plants provide nearly half of Jordan’s electricity needs

By 2025, thanks to the Jordan Atomic Energy will produce 48% of the required electricity. This was stated by Prime Minister Abdullah Ensour at the opening of the International Energy Summit in Jordan.

In his speech Ensur noted that Jordan has made significant progress in the implementation of the program of construction of two nuclear reactors, 1000 MW each, in cooperation with the Russian Rosatom.

“The first reactor should be ready by 2023, the second – in 2025. We have made great strides in the field of logistics, as well as preparation of legal and technical arrangements, which are necessary for the continuation of the project “, – said Ensur at the event, held under the patronage of His Majesty King Abdullah with the participation of 400 experts and officials from various countries.

The Prime Minister also noted that Jordan is implementing a number of solar and wind energy projects worth US $ 1.6 billion and a total capacity of 1,000 MW, of which 500 MW will be connected to the network before the end of this year. By 2020, the share of renewable energy will reach 20%. Currently, according to official data, it is 3-4%.

According to the National Energy Company (NEPCO), in 2015, electricity consumption increased kingdom by 5.1% and amounted to 18,689 GW / h, compared to 17,764 GW / h in 2014.

During the summit, Jordan has signed several agreements: in the field of oil, gas, exchange of experience and training with Algeria, an agreement between the company and the Energy NEPCO Jerusalem to provide electricity to Jericho, as well as an agreement with Al Manaseer Group on exploration of copper deposits in southern Jordan.

Under the deal, and the memorandum signed with Algeria, in September of this year the country will start to deliver to Jordan liquefied natural gas and liquefied petroleum gas, Energy Minister of Algeria Salah Hebri said.

Jordan also pee agreement with the Jordanian-Egyptian Fajr company, specializing in the transportation and supply of natural gas, the security of natural gas industry Jordan. Tariq al-Mula, the Egyptian Minister of Petroleum and Mineral Resources, said that by 2021 Egypt expects to resume natural gas exports to Jordan.

By 2019, the first will be ready in Jordan oil shale fired power plant to 470 MW and a total value of US $ 2.2 billion, which will reduce energy costs. Available in Jordan oil shale reserve, according to official estimates, about 70 billion tonnes.

According to the Prime Minister, Jordan is pursuing a policy to improve energy efficiency and increase investment in the sector. Country focuses on the development of the sector, which is key to the economy and improving living standards. The main factors to attract investments in this area are the strategic position of Jordan, and stability of the legislation.

Addressing the gathering, Minister of Energy and Mineral Resources Ibrahim Saif said that the decline in crude oil prices in 2015 helped to reduce the country’s energy costs by up to JD2.5 billion, representing about 10% of GDP.

“This is a significant reduction compared to the cost for 2014, which reached JD4.5 billion and accounted for 18% of GDP”, – said Saif.

Regarding plans for the expansion of network capacity, the minister said that the demand for electricity is growing annually by about 6.5%.

The Minister added that in 2018 is expected to more projects in oil production will be launched from oil shale and electricity generation based on them. Saif also spoke about the plans of Jordan in the field of renewable energy and energy efficiency.

Participants of the two-day event discussed a number of issues in the field of renewable energy, gas supply, investment in the sector, projects of nuclear energy and oil shale, as well as a number of other related issues.
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