$ 70 billion Arab investments in the electricity sector Materials and Products

Amman - QNA: Eng. Issa Hilal Al Kuwari, President of the Arab Union for Electricity, Chairman of the General Authority for Electricity and Water, KAHRAMAA, confirmed that the installed electrical power in the Arab world exceeded 265 GW. Al-Kuwari pointed out that the rate of growth in the maximum load of energy ranges between 6 and 8 percent, pointing out that it is a high rate compared to global rates, which requires high investment To establish and operate new production units to meet this growing demand, estimating the value of annual investments in the electricity sector in the country Arab region by about 70 billion US dollars. He said that some Arab countries were able to achieve achievements in the field of renewable energy and recorded 10% of electricity generated, calling on Arab countries to pay attention to the development of human resources and investment in smart networks. The Minister of Energy and Mineral Resources, Hala Zwati, said in a speech that her country is in a high position in the field of renewable energy, especially in light of the scarcity of its resources, which were always limited, which imposed great challenges. In 2014, 18 percent of GDP. These challenges have spurred Jordan to resort to alternative energy. Today, only five years after the start of renewable energy projects, 2018 Jordan will reach about 10 percent of the total generating capacity of the electrical system from renewable energy and is estimated to rise to about 20 percent In 2020. She also explained that her country has succeeded in obtaining unprecedented prices for the sale of electricity from solar energy projects up to 17 fils per kilowatt-hour equivalent to 2.45 US cents, pointing to another technology currently being exploited to generate electricity, which is Direct burning of oil shale to generate electricity, where Jordan today creates one of the largest and the only stations in the Arab world to generate electricity from direct burning of oil shale and can 480 MW and will be operational in 2020.