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ITAC presents conclusions to the “Estimation of Indicative Prices for RES products” Project at the NEPCO electricity operator building in Amman, Jordan

The past 20th November, Sunday, took place at the principal auditorium of the National Electric Power Company (NEPCO) the presentation of the conclusions arisen from the project ITAC is carrying since the last stretch of 2010 in close collaboration with the Minister of Energy and Mineral Resources (MEMR) and the Electricity Regulatory Commission (ERC) in Jordan.

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Ricardo García Leandro, ITAC Director and economic expert with a wide international career, showed to the audience (composed of member of the three mentioned institutions) the main financial and socio-economic conclusions based on the impact of the Energy Expansion Plan the Government intends to implement up to 2020 and for the upcoming years.

Before Ricardo intervened, Doctor Ahmed Al-Azzam, a more than 20 years experienced Jordan energy economist, and representing ITAC Jordan, depicted the final technical assumptions which would serve as base for the following economic and financial studies.

During the next 2 days after that, Guillermo Jacob Gómez, financial analyst at the Spanish firm, taught the Technical Working Group (made up of MEMR NEPCO and ERC members) on the main tool this project is providing for the client, the financial model. It can help the TWG to operate on any technical assumption or technological type of RES.

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