Jordan Embraces Energy Law Reform and Mining Sector Growth
Key Ideas
- The Council of Ministers in Jordan has approved the reasons for the draft General Electricity Law of 2024, aiming to establish a permanent electricity law to enhance the sector's competitiveness and attract investments.
- The draft law aligns with international best practices, promotes competition, encourages investment in clean energy projects like green hydrogen, and enables independent generation and transmission of electricity.
- In addition to energy-related reforms, the Council approved an MoU to explore copper ores, enhancing the mining sector's growth and positioning Jordan as a leader in mining industries in the region.
- Furthermore, the Council endorsed regulations for nursing homes, the Ministry of Social Development's organizational restructuring, and the Economic and Social Council's operational improvements to align with national priorities and boost efficiency.
The Council of Ministers in Jordan has approved the reasons for the draft General Electricity Law of 2024, with the aim of enacting a permanent electricity law to replace the existing temporary one. This move seeks to enhance the sector's competitiveness, promote competition, and attract investments, in line with international best practices. The draft law empowers the Ministry of Energy and Mineral Resources to formulate national energy policy, promotes investment in clean energy projects like green hydrogen, and allows for independent electricity generation and transmission. It also aligns legislation with the Energy and Minerals Regulatory Commission Law No. 8 of 2017. The Council's approval of an MoU to explore copper ores in the Ghor Fifa area signals the government's commitment to fostering growth in the mining sector, positioning Jordan as a regional leader. Additionally, the Council endorsed regulations for nursing homes, the restructuring of the Ministry of Social Development, and operational enhancements for the Economic and Social Council to boost efficiency and align with national priorities.
Topics
Projects
Investment
Economic Development
Energy Law
Government Regulations
Mining Sector
Ministry Reorganization
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