Khaberni - The Parliamentary Energy and Mineral Wealth Committee, led by MP Dr. Ayman Abu Henieh, discussed during a meeting held on Wednesday the Jordan Strategy Forum's recommendations related to the National Electric Company's debt.
The committee listened to a presentation by the Executive Director of the Forum, Nasreen Barakat, and a statement from Abdul-Moati Al-Harahsheh, Director of Company Supervision and Final Accounts at the Audit Bureau, about the reality of the debt, its developments, and the main financial and operational challenges associated with it.
The committee explored the reality of the company's debt and its implications on the energy sector, the main challenges faced by the company, and ways to handle these challenges to enhance the sustainability of the sector and improve its efficiency.
Abu Henieh affirmed that the electricity sector faces accumulated challenges related to the high operational and financial costs, including the cost of energy purchases and the need to review contracts and agreements to ensure a balance between legal, technical, and financial aspects.
Deputies Jamal Qamouh, Khader Bani Khaled, Rakin Abu Henieh, Iman Al-Abbasi, Saleh Abu Tayeh, and Talal Al-Nasur emphasized the need to follow up on the recommendations of the Strategic Studies Center to address the National Electric Company's debt and improve the efficiency of the energy sector.
Barakat said that the debt crisis in Jordan's electricity sector dates back to the period (2011–2013), which led to reliance on heavy fuel oil and diesel and increased production costs, resulting in accumulated debt.
On his part, Al-Harahsheh explained that the Audit Bureau plays an analytical supervisory role in monitoring the debt of the National Electric Company during the period (2024–2026), by evaluating financial and operational performance and monitoring the development of debt and its impact on financial sustainability.
