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Israel Electric Wants More Gas
...rch). Gas is rapidly edging out coal from the Israel energy mix. The gas share has soared to 80% gas versus 64.2% for 2017 (coal 32.3%, renewables 2.6%). IEC pays roughly $6/mn BTU for Tamar gas, and is trying to drum-up some competition to reduce the cost of electricity. It could find that di...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Jordan Bags $1bn Us AID…
...Jordan’s fiscal position is looking brighter with the finalization of a promised $1.08bn US aid package under a 4 December deal, up from 2017’s $812mn (MEES, 5 January). A $745mn grant – more than 1.5 times 2017’s grant of $475mn – will support the kingdom’s priority development projects li...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
…As Nepco Taps EBRD For $265mn
...er Libor. Nepco reported accumulated losses of $6.85bn for the year ending December 2017. The EBRD has lent Jordan more than $466mn since 2012 to fund 12 power sector projects. Jordan leads the Middle East in solar with 529MW and is second largest in wind with 285MW. Of this, 215MW was added in 20...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018