AMMAN — Jordan imports almost 95 per cent of its energy needs, which requires securing stable sources as part of the Kingdom's strategy to cut energy imports to 60 per cent by 2025, Director of Renewable Energy at the Ministry of Energy Ziad Jibril said on Monday.
During the inauguration of the Czech Solar Energy Mission Business Forum, Jibril said that the Kingdom has been successful with its renewable energy projects as it now produces 12 per cent of its electricity through them, as compared to 2 per cent in 2014.
The Ministry of Energy and Mineral Resources, the Ministry of Industry, Trade and Supply, the Czech Republic embassy in Amman represented by Ambassador Josef Koutsky, the Amman Chamber of Industry, the Jordan Europe Business Association (JEBA) and EDAMA organisation collaboratively began the business forum in Amman.
Jibril said: "We managed to attract more than $4 billion of investments during the last five years in this sector".
"I think now because we have these challenges in the energy sector, we are updating our energy strategy," he said, adding that the gathered Jordanian and Czech companies should benefit from each others' expertise in the field.
Vice minister at the Czech Ministry of Industry and Trade, Eduard Muricky, said: "This is my first visit to Jordan and I see strong interest in cooperation with my country."
He noted that the forum is an opportunity to address the 55th anniversary of Jordanian-Czech diplomatic relations and His Majesty King Abdullah's 20th anniversary of his Accession to the Throne.
Muricky said that Jordan is one of the safest and most stable countries in the Middle East, noting "you could hardly find a better place in this region with more talented and generous people as well as friendly business".
In light of the Czech Republic's interest in Jordanian economic prosperity, his country supported the adoption of the simplified rules of origin (trade rules between the EU and Jordan) allowing Jordanian companies easier access to European markets, the vice minister said.
He highlighted Jordan's strategic position as a trade hub in the region, especially as the border with Iraq and Syria has been reopened, noting that Czech exporters and investors are willing to work with Jordanian partners to explore available opportunities.
Muricky concluded that, like Jordan, the Czech Republic generates 11 per cent of its power through renewable energy, and the aim is to boost solar and wind-generated power up to 20 per cent.
In his remarks at the forum, President of the JEBA Jamal Badran said: "The solar energy potential in Jordan is enormous, as it lies within the solar belt of the world, with average solar radiation ranging between four and seven kilowatt hours per metre square, which is one of the highest in the world."
"This corresponds to a total annual potential of 1,400 to 2,300 kilowatt hours per metre square," he continued, noting that solar energy is still not utilised enough in the Kingdom, but there are plans to increase its use.
The energy master plan includes equipping 30 per cent of all households with solar water heating systems by the year 2020, Badran said, adding that 2,400 wind and solar photovoltaic (conversion of light into electricity) projects are expected to be developed in Jordan by 2021, 1,134 of which are already operational.
Badran said that the total Czech exports to Jordan amount to 37 million euros while Jordanian exports did not exceed 139,000 euros, noting that this "imbalanced trade" requires modifications.