Jordan will double the amount of electricity it exports to the Palestinian Authority to 80 megawatts by July through a new substation that is under construction, Electricity Minister Saleh Al Kharabsheh said on Monday.
Mr Al Kharabsheh, speaking in Amman after meeting Thafer Melhem, head of the Palestinian Energy Authority, said the increased volume will help fulfil Jordan's aim of increasing "co-operation with the Palestinian brethren".
The two men earlier toured a $4.1 million Jordanian substation under construction in Al Ramah, north of the Dead Sea, through which the increased electricity exports will flow to the West Bank.
Jordan's current electricity exports to the Palestinian Authority mostly go to the West Bank, meeting about 4 per cent of consumption needs there. The rest is met mostly by imports from Israel.
Jordan has excess electricity production but has struggled to find export markets.
In January, the kingdom signed a deal, supported by the US, to export 250 megawatts to Lebanon through regime-held areas of Syria. The exports were supposed to flow by April but there have been none because Lebanon did not secure World Bank funds to pay for the electricity.
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Black Panther
Dir: Ryan Coogler
Starring: Chadwick Boseman, Michael B Jordan, Lupita Nyong'o
Five stars
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
The%20specs
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Profile of Tarabut Gateway
Founder: Abdulla Almoayed
Based: UAE
Founded: 2017
Number of employees: 35
Sector: FinTech
Raised: $13 million
Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.
COMPANY%20PROFILE
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Everybody%20Loves%20Touda
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Company%20Profile
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