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AMMAN(Petra)— The Water Authority of Jordan(WAJ)has secured a government decision to issue special development bonds worth JD13 million to help the  Join our daily free Newsletter

MENAFN - Jordan Times - 05/08/2004

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AMMAN (Petra) — The Water Authority of Jordan (WAJ) has secured a government decision to issue special development bonds worth JD13 million to help the authority settle part of its electricity bills due to the Jordan Electric Power Company, according to Munther Khleifat, the authority's director general.
The Finance Ministry is supplying the Water Authority with a JD7 million grant to pay the rest of the bills, explained Khleifat.

The authority sought government help because it is unable to settle the outstanding electricity dues and cover the current and capital expenditure at the same time, according to the director.

Khleifat pointed out that the Water Authority's collected revenues from water consumption together with the sewerage fees, fall far below the actual cost of supplying water and providing sewerage services to the public.

In all, the authority's budget for 2004 stands at JD310 million, of which JD160 million is used for capital expenditure, JD76 million for current expenditure, and JD74 million to settle domestic and foreign loans.

According to Khleifat, the Water Authority's annual energy bill is on the increase every year due to several factors including increasing electricity charges, the need to pump water to subscribers in remote regions, and the fact that water is being extracted from deep underground aquifers.

As part of a policy to cut down on energy cost, Khleifat said that the Water Authority has engaged the services of a firm that has helped it reduce electric energy consumption by 27 per cent in the first four months of 2004, compared to the same period of 2003.


 






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