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Jordan Renewable Energy Law & Energy Efficiency Fund ________________________________

Jordan Renewable Energy Law & Energy Efficiency Fund ________________________________ Ziad Jebril Sabra Ministry of Energy and Mineral Resources Renewable Energy and Energy Efficiency Forum 7 th June 2010 - Amman. Energy Demand Jordan witnesses high growth of energy demand.

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Jordan Renewable Energy Law & Energy Efficiency Fund ________________________________

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  1. Jordan Renewable Energy Law & Energy Efficiency Fund ________________________________ Ziad Jebril Sabra Ministry of Energy and Mineral Resources Renewable Energy and Energy Efficiency Forum 7th June 2010 - Amman

  2. Energy DemandJordan witnesses high growth of energy demand Electricity Generated Capacity to Meet Future Demand. Growth of Primary Energy Demand 5.5% The additional generated capacity needed up to 2020 is 4000 MW, an average of 300 MW per year. The expected demand for primary energy amounts is 15 million tons of oil equivalent in 2020 compared to 7.5 million tons of oil equivalent in 2008.

  3. Jordan’s Energy Strategy for 2020. The Energy Mix in Jordan (2008 – 2020) Imported Electricity 1% Renewable 2% 2008 Oil Products 61% N. Gas 36% Domestic Resources 4%, Imported 96% Imported Electricity 2% Oil Shale 11% Renewable 10% 2015 Imported Electricity 1% Renewable7% Nuclear 6% 2020 Oil Shale 14% Oil Products 40% Oil Products 51% N. Gas 29% N. Gas 29% Domestic Resources 39%, Imported 61% Domestic Resources 25%, Imported 75%

  4. According to the Master Plan the required investment in the energy sector is around $14-18 billion over the period ( 2008-2020) Oil Shale Exploration $1400-3800 mm Energy Efficiency $80-150 mm Oil Sector $3400 mm Renewable Energy $1400-2100 mm Power Sector $4800-5800mm Natural Gas $2400 mm

  5. Renewable Energy Targets: • Promoting the Renewable Energy Source to share 7% in the primary energy mix in 2015 , and 10% in 2020 :- • 600 - 1000 MW Wind Energy. • 300 - 600 MW Solar Energy. • 30 - 50 MW Waste to Energy.

  6. Renewable Energy and Energy Efficiency Law • Main Goals • Provide a legal mandate for the government and a • regulatory framework for RE and EE development. • Encourage private-sector investment in RE. • Diversify energy sources in Jordan. • Reduce greenhouse gases. • Develop in-country expertise related to RE and EE

  7. Main Articles • Creates a registry of renewable energy sites • Tendering of RE Projects • Obligation to purchase renewable energy • Interconnection and Licensing Incentives • Allow for the so-called “Net Metering”

  8. Establishing a Renewable Energy & Energy Efficiency Fund: • Allows for Bylaws to be issued for EE measures in different sectors.

  9. Fund Structure Donors Government of Jordan Capital Markets Sources of funding CER Charge GEF EC Other AFD Budget Annual Budget allocations Grants Debt Equity Funds Types of funding Banks RE Subsidy Window RE and EE Interest Subsidy Window EE and RE Guarantee Window Studies and TC Window Equity Window Jordan Renewable Energy and Energy Efficiency Fund Lending

  10. Advantages of the Proposed Approach • Administrative independence • Government commitment • Participation of public and private sectors • Ability to achieve a ‘rolling start’ • Flexibility in product management • Institutional Arrangements (RE Law)

  11. Thank You

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