The Ministry of Energy and Mineral Resources and USAID-Jordan on Saturday launched a USAID-funded project to support the Kingdom’s energy sector with a value of $40 million over five years, Zawya reports.
The fund, according to the Jordan News Agency, Petra, aims to achieve the financial sustainability of Jordan’s electricity sector, strengthen the sector’s regulatory frameworks and improve its services regarding oil and gas markets, Zawya notes.
The initiative, also according to Jordan Minister of Energy and Mineral Resources Saleh Kharabsheh, seeks to support the Kingdom’s energy sector to contribute to sustainable development efforts and enhance the sector’s efficiency.
USAID Mission Director Sherry F. Carlin represented the U.S at the signing ceremony.
Jordan, U.S launch joint fund to back kingdom’s energy sector over five years
