jordan renewable energy - oecd.org - oecd · · 2016-03-29jordan renewable energy projects &...
TRANSCRIPT
Take advantage. Turn to
Jordan.
Jordan Renewable Energy
Projects & investment
Opportunities
Dr. Bashar Al-Zu’bi,
Senior Advisor to the CEO
December 2010
www.jordaninvestment.com 2
and is the
natural
gateway into
Iraq and its
tremendous
reconstructio
n and growth
potential.
Jordan is considered an ideal base location for Iraq based businesses due to geographic proximity, security, and infrastructure
Jordanian exports to the Iraqi market have doubled between 2003 to 2008 to reach $1.3 billion*
With imports of 32.2 billion USD in 2008, Iraq presents a clear and large market potential for different goods & services.
Iraq is projected to maintain a 7% growth rate into 2010, and increase in 2011 to 7.9%, driven primarily by oil revenues **
* Source: Central Bank ** Source: IMF
www.jordaninvestment.com 3
Beyond
MENA, Jordan
is a virtual hub
that provides
access to a
number of
international
markets
through a
series of free
trade
agreements
Jordan’s virtual hub allows free market access to over 1
billion consumers through its trade and investment
agreements.
Turkey FTA
Singapore FTA
Canada FTA
Aghadir Agreement
Greater Arab Free Trade
Agreement (GAFTA)
US FTA
EU Association Agreement
Qualified Industrial Zones
Agreement (QIZ)
4
and presents
clear
enablers to
help your
business
grow.
Regulatory environment committed to
free markets principles
Political
Stability &
Rule of Law
Strong legal framework and
intellectual property protection rights;
ranked 30th globally in IP protection
Ranked among the top ten countries globally in organized
crime prevention(* 30 out of 130 countries surveyed,
WEF Global Competitiveness Report 2009 – 2010)
5
and presents
clear
enablers to
help your
business
grow.
GDP reached almost $23 billion in
2009, averaging 7.1% real growth
over the past 5 years *
Economic
Stability
Stable currency that promotes trade
and investment; has maintained a
steady exchange rate to the US dollar
since 1995
Outstanding external public debt
reduced to 23% of GDP in 2009 (down
from 66.2% in 2004) * - central bank of
Jordan
Solid and healthy banking sector
6
and presents
clear
enablers to
help your
business
grow.
Young population with almost 70%
under the age of 30
Skilled and
Talented
Human
Capital
The highest literacy
rate in the region
92%
Has one of most
qualifiedcompetitive and
productive talent pools in the region.
with labor rates considerably lower
than those in other countries in
MENA
Named top performer (1st in Arab world) in
education reform in MENA
region.
Invests >20% of
GDP on lifelong learning.
7
and presents
clear
enablers to
help your
business
grow.
Three international
airports
Reliable & Well
Connected
Infrastructure
Aqaba Sea Port Five road-linked borders
providing access to over
330 million consumers
A modern
telecommunications
infrastructure
Jordan scored 3.47 in the
Networked Readiness
Index of 2006 – 2007
rankings making it the 5th
highest among Arab
countries* - WEF
8
What do you see?
We see a growing market.
We see a highly educated
workforce.
We see strategically placed
free zones.
& We see 21st century
infrastructure.
Make the Most of Fresh
Opportunities.
Jordan’s strategic investment focus
is on key business sectors, with
innovation at their heart. These
sectors for future success are built
on four cornerstones: a strong
business environment; a world-
class skills base; a world-class
infrastructure meeting the needs of
business; and an economy
embracing the opportunities arising
from transition to renewable energy.
Take advantage. Go Jordan.
www.jordaninvestment.com Page 10
EWE & Clean Energy
Healthcare & Pharmaceutic
al
Mega Projects
ICT
Tourism
General Industries
www.jordaninvestment.com 11
The invest Jordan EWE
& clean energy
advantage.
The right place. The right time.
www.jordaninvestment.com Page 13
Our Challenge In Jordan
www.jordaninvestment.com 14
Consider your
home energy
challenge
No indigenous
energy resources
High dependency on
imported energy
High cost to the economy with
energy imports accounting for
more than 13% of GDP
Primary energy demand is
expected to double between
2008 and 2020
0% 50% 100%
2008
2015
2020
Imported Engery Domestic Resources
0% 20% 40% 60% 80% 100%
2008
2015
2020
Oil Natural Gas
Renewable Energy Imported Electricity
Oil Shale Nuclear Power
Jordan’s Energy Sourcing Mix
Features
Jordan is considered as a hub and transit country
and can play a major role linking oil, gas and
electricity network among the region.
The country has a huge potential of :
energy resources (oil shale, uranium).
renewable energy utilization (wind, solar).
In regard of oil and gas , Jordan has not been
explored yet.
Renewable
Energy and
Energy
Efficiency
Law
Main Goals • Provide a legal mandate for the government and a regulatory framework for RE and EE development.
• Encourage private-sector investment in RE.
• Diversify energy sources in Jordan.
• Reduce greenhouse gases.
• Develop in-country expertise related to RE and EE
www.jordaninvestment.com 17
Energy
Demand
Jordan
witnesses
high growth
of energy
demand
Period Electricity Demand
Growth (%)
Primary Energy
Demand Growth (%)
(2008-2020) 7.4 5.5
Growth of Primary Energy Demand
Med. Demand
6000
7000
8000
9000
10000
11000
12000
13000
14000
15000
16000
2007 2009 2011 2013 2015 2017 2019
Year
1000
TO
E
The expected demand for primary energy amounts is 15 million tons of oil equivalent in 2020 compared to
7.5 million tons of oil equivalent in 2008.
Energy
Strategy (
2007-
2020)
MAIN GOALS :
– Diversifying the energy resources
– Increasing the share of local resources in the energy
mix .
– Reducing the dependency on imported oil
– Enhancing environment protection
This will be achieved through :
– Maximizing the utilization of domestic resources
(oil shale, natural gas, etc.)
– Expanding the development of renewable energy
projects
– Generating electricity from nuclear energy
www.jordaninvestment.com 19
As your
investment
opportunity at
your own
home.
$2 400
$5 800
$3 400
$2 100
$3 800
$150
$0
$2 000
$4 000
$6 000 Natural Gas
Power Sector
Oil
Renewable Energy
Oil Shale
Enegery Efficiency
In order to achieve our transformational master energy plan, we are investing over
$18bn in our energy sector
Your opportunity to leverage our strategic focus on the top half of the green energy value
chain covering opportunities in assembly, installation, integration, testing and support
With a fast growing local market acting as your test bed and a strategic geographical
location providing a launch pad to the region, Jordan is the natural home for your energy
investment
and to help
you, JIB has
identified
several
projects that
offer
attractive
rates of
return that
are above
deposit
rates.
0,0% 5,0% 10,0% 15,0% 20,0% 25,0%
Wadiaraba Wind Farm
Automated Solar PV Cell Production Line
High-Density Insulation
Gas Station Chain
Polysilicon Production
Landfill Gas Power Plant
Concentrated Solar Power Generation
District Energy Company
Turnkey Solar Equipment Packager
Investment
(m)
56.4
91.8
5.9
16.0
193.3
3.7
30.8
5.9
2.7
www.jordaninvestment.com 21
• Establishing a Renewable Energy & Energy Efficiency Fund: • provide good financial framework to support energy
efficiency programs and renewable energy projects, to help achieve the targets set in the Energy Strategy; 10% renewable and 20% energy savings by 2020 .
• Funding resources are annual Budget allocations and Foreign donation.
• Allows for Bylaws to be issued for EE measures in different sectors.