AMMAN — Director-general of the Cities and Villages
Development Bank (CVDB), Osama Azzam, announced the initiation of an Energy
Efficiency Project in collaboration with the Ministry of Energy.
اضافة اعلان
The project's primary objective is to assist municipalities
in reducing energy expenses by replacing traditional lighting units in
municipal streets with LED energy-efficient technology, according to the Jordan
News Agency, Petra.
Azzam emphasized the economic feasibility of the project,
stating that it will result in substantial savings. The project is estimated to
save approximately JD15 million in electricity consumption annually and reduce
maintenance costs for outdated units by JD7 million each year.
The project is expected to span a duration of three years.
Project details
Costing a total of JD65 million, the project is a joint
effort between the Ministry of Local Administration, CVDB, and the Ministry of
Energy.
And as per Azzam, 50 percent of the project cost will be
covered by the Ministry of Energy's "Rural Fils" scheme, while the
remaining half will be provided by CVDB as a loan, to be repaid over a span of
seven years.
CVDB plays a crucial role in ensuring the financial dues of
tenderers are paid promptly. Azzam highlighted the importance of this effort in
encouraging companies to implement and finance the adoption of energy-efficient
technology.
Replacing traditional street lamps
The project aims to replace 410,000 traditional lamps in
municipal streets with energy-saving LED lights, installed by electricity
distribution companies within their respective concession areas.
Azzam revealed that the number of units is expected to
increase to around 600,000 in the future. By implementing this initiative, the
project anticipates a reduction of approximately 87,941.3 tonnes of carbon
emissions, consequently leading to a decrease in energy expenditure.
According to Azzam, energy costs currently constitute about
20 percent of municipal expenditures. By reducing energy bills through this
project, the quality of services provided to citizens and the local community
is expected to improve significantly.
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