Day: May 20, 2023

Director General of the Cities and Villages Development Bank (CVDB), Osama Azzam, said the Energy Efficiency Project is a “key” enterprise currently being implemented to help municipalities reduce energy bills by replacing traditional lighting units in municipal streets with LED energy-efficient technology. In a statement to “Petra” on Saturday, Azzam said the project is being implemented in cooperation between Ministry of Local Administration, CVDB and Ministry of Energy, at a cost of JD65 million. Azzam added that 50% of the cost will be paid from the Ministry of Energy’s “Rural Fils” scheme, while the other half is funded by CVDB as a loan to be repaid over a 7-year period. On its economic feasibility, Azzam said the project saves about JD15 million of electricity consumption annually and slashes maintenance costs for old units by about JD7 million annually, pointing out that the duration of the project cost extends about 3 years. Azzam indicated that the CVDB’s role aims to guarantee payment of all financial dues for tenderers, which is a “major and pivotal” effort in stimulating companies to implement and finance this energy-efficient technology. He also stressed project’s importance to help municipalities slash energy bill by replacing 410,000 traditional lamps in municipal streets with energy-saving LED lights, which are installed by electricity distribution companies within their concession areas, adding that the number is expected to increase to about 600,000 units. According to Azzam, the project also aims to reduce carbon emissions by 87,941.3 tonnes and slash energy expenditure. Energy costs constitute about 20% of municipal expenditures, which would reflect “positively” on the quality of services provided to citizens and the local community, he said.

Source: Jordan News Agency

Director General of the Cities and Villages Development Bank (CVDB), Osama Azzam, said the Energy Efficiency Project is a “key” enterprise currently being implemented to help municipalities reduce energy bills by replacing traditional lighting units in municipal streets with LED energy-efficient technology. In a statement to “Petra” on Saturday, Azzam said the project is being implemented in cooperation between Ministry of Local Administration, CVDB and Ministry of Energy, at a cost of JD65 million. Azzam added that 50% of the cost will be paid from the Ministry of Energy’s “Rural Fils” scheme, while the other half is funded by CVDB as a loan to be repaid over a 7-year period. On its economic feasibility, Azzam said the project saves about JD20 million of electricity consumption annually and slashes maintenance costs for old units by about JD7 million annually, pointing out that the duration of the project cost extends about 3 years. Azzam indicated that the CVDB’s role aims to guarantee payment of all financial dues for tenderers, which is a “major and pivotal” effort in stimulating companies to implement and finance this energy-efficient technology. He also stressed project’s importance to help municipalities slash energy bill by replacing 410,000 traditional lamps in municipal streets with energy-saving LED lights, which are installed by electricity distribution companies within their concession areas, adding that the number is expected to increase to about 600,000 units. According to Azzam, the project also aims to reduce carbon emissions by 87,941.3 tonnes and slash energy expenditure. Energy costs constitute about 20% of municipal expenditures, which would reflect “positively” on the quality of services provided to citizens and the local community, he said.

Source: Jordan News Agency

Minister of Agriculture, Khaled Hneifat, on Saturday, said the ministry is scheduled to construct 60 rainwater-harvesting pits and dams in 2023, as part of water harvesting projects. Touring water harvesting sites in Central Badia, Hneifat said the ministry implemented 63 pits last year, and continued its plan to construct water-harvesting wells, adding that more than 5,000 wells were built in 2022, while 5,000 others will be launched in 2023. Hneifat added that capacity of the government’s rainwater harvesting projects, which are implemented by ministries of agriculture and water, amounts to 50 million cubic meters. Meanwhile, he said volume of water harvesting in 2022 within the Kingdom’s dams amounted to 3 million cubic meters, expecting that 3 additional million cubic meters will be harvested in pits that will be established in 2023. To continue implementation of Royal directives to advance Jordan’s agricultural sector, he said water harvesting sites are being monitored to maintain sustainability of water resources and rehabilitate most dams and pits.

Source: Jordan News Agency

The Ambassador of the Republic of Iraq to the Russian Federation, Qahtan Taha Khalaf, participated in the annual international economic forum “Russia – the Islamic World”, which was held in the city of Kazan, the Russian Republic of Tatarstan, for the period from 18-19/5/2023.

The Ministry of Foreign Affairs said in a statement, “The Ambassador held, on the sidelines of the forum, many meetings with a number of Russian political and economic figures, expressing Iraq’s aspiration for more bilateral cooperation with the Russian Federation in various sectors.

The statement indicated, “the importance of establishing such forums, which would enhance coordination and cooperation between Russia and the countries of the Islamic world, adding that this forum is a platform for the synergy of the economic, scientific, technical, cultural and informational agenda through the various structures of the Organization of Islamic Cooperation and the Russian Federation.

Source: National Iraqi News Agency

The Parliamentary Finance Committee announced, today, Saturday, the vote on some of the remaining articles in the budget law, which were added to ensure the interest of the country.

The media department of the House of Representatives stated, in a statement: “In the presence of the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, the Finance Committee, headed by Atwan Al-Atwani and the presence of its members, met today, Saturday, to discuss the remaining materials and put appropriate formulations and proposals in order to vote on them.” The committee is to resolve the remaining materials from the general budget, in a manner that meets the needs of the citizen, and to produce them in a way that reflects positively on the Iraqi street.

For his part, First Vice-President of the Council, Mohsen al-Mandalawi, stressed, during his attendance at a part of the meeting, “the need to expedite the resolution of the budget, as it affects the lives of the people,” praising “the role of the Finance Committee and the exceptional efforts it is making to complete the budget as it is for three years.”

The department added, “the committee resumed studying proposals on adding articles and texts that would support non-oil revenues to supplement the state treasury, the most important of which is the Ministry of Electricity’s delivery of electric power to residential neighborhoods and areas where there is no electricity, and the installation of smart meters, provided that the Ministry submits quarterly reports.” In this regard,” in addition to “discussing the introduction of postgraduate studies in private universities, according to standards and controls issued by the Ministry of Higher Education and Scientific Research, to benefit from the private sector and attract scientific energies within the country.”

It added that the committee discussed the issue of creating a fund for the treatment and rehabilitation of the wounded security forces and the families of martyrs as a result of the battles against terrorism, in all military institutions.

Source: National Iraqi News Agency