Murad underlines importance of rationalising energy consumption

By Petra - Oct 25,2014 - Last updated at Oct 25,2014

AMMAN — Rationalising energy consumption in Jordan will contribute to defining the best route for economic development, Amman Chamber of Commerce President Issa Murad said Saturday.

He added that such an approach would help to secure the natural resources needed to boost the national economy’s productivity, reduce budget deficit and increase economic competitiveness.

In a worksheet presented at the 2nd Arab British Economic Forum held in London Tuesday, he indicated that the Jordanian economy was affected by the developments in the international energy market, with the Kingdom importing energy resources worth JD4 billion.

He said the government has issued the Renewable Energy Law, which exempts renewable energy projects from customs fees and sales tax.

Murad added that the government has facilitated public-private partnerships aimed at achieving financial revenues through generating electricity from renewable energy and selling it to the National Electric Power Company.

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