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Ammon News - The Ministry of Energy and Mineral Resources and the United States Agency for International Development (USAID) in Jordan on Saturday launched a project to support the Kingdom's energy sector.

The USAID-funded project, at a value of $40 million, will be implemented over a five-year period, according to an Energy Ministry statement.

The project seeks to achieve financial sustainability of Jordan's electricity sector, strengthen the sector's regulatory frameworks and improve its services regarding oil and gas markets, in addition to dealing with the related challenges, the statement added.

Speaking at the launching ceremony, Minister of Energy and Mineral Resources, Dr. Saleh Kharabsheh, stressed the project's importance in supporting the Kingdom's energy sector, in a way that contributes to sustainable development efforts and enhances the sector's efficiency.

Lauding the USAID's support provided to Jordan, especially in the energy sector, Kharabsheh presented the Kingdom's energy challenges and the ministry's plans to deal with them, especially raising energy efficiency, improving the sector's services, boosting its financial sustainability and enhancing contribution of renewable energy in electricity generation.

For her part, USAID Mission Director Sherry F. Carlin affirmed the Agency's commitment to supporting Jordan's energy sector within the framework of U.S. assistance to support Jordan's development efforts.