Jordan Renewable Energy & Energy Efficiency Fund (JREEEF)

Country / jurisdiction: Jordan · Year: 2010 · Status: In force · Level: National · Type: Voluntary

The Jordan Renewable Energy & Energy Efficiency Fund JREEEF was established in response to meet the needs of the Kingdom to invest in various sources of renewable energy, and widen benefit  in various sectors, such as residential, educational (schools), health (hospitals) as well as private,  public , industrial  and service sectors to achieve the following objectives:

Contribute to the achievements of comprehensive energy strategy in Jordan represented by increasing contribution of renewable energy sources by 20% of the total energy mix of the Kingdom in 2020.

Activate methods and procedures of energy efficiency and energy conservation in various sectors.

Upsurge investment and business in renewable energy and energy efficiency especially foreign investments and contributions.

Create new employment opportunities and long-lasting green investments

Communicate with donors to attract necessary funding for programs and projects related to Fund and ensure the sustainability of its financial flow.

Draft necessary contracts and agreements with various relevant authorities.

Issue technical periodic reports on the work and projects of the Fund.

Design programs related to financing renewable energy and energy efficiency projects.

Conduct necessary financial evaluation of the applications submitted to the Fund for the purpose of financing.

Design financial and technical support programs for different projects.

Design the mechanisms required to implement financial support through financial intermediaries.

Develop rules, instructions and financing mechanisms for the various windows of financial support.

Conduct market research in accordance with accurate financial and standardized procedures.

Follow-up financial claims for financed projects.

Follow-up and audit grants on regular basis after disbursement to guarantee achievement.

Conduct field visits to check validity of measures taken to implement the Fund's projects and assess the satisfaction of services recipients.

Implement awareness campaigns by the local community which aims at energy conservation in order to reduce the oil bill of the government, and improve the economic level of the citizen.

Prepare workshops and conferences to improve the performance of individuals working in the fields of renewable energy and energy efficiency.

Conduct necessary technical, financial and market studies required for the sector of renewable energy and energy efficiency periodically.

Establish funding foundations based on proposed projects and review them from time to time, after studying the supply and demand trends in the renewable energy sector.

Adopting technical specifications in renewable energy projects in cooperation with  the concerning sectors.

Conduct technical evaluation of offers submitted proposals of renewable energy and energy efficiency.

Organize conferences and workshops to attract donors and increase investment and employment opportunities in renewable energy sector.

1) Programs and Projects Division  Contribute to the development of instructions, principles and standards required for the financing mechanisms and funding support windows for programs and projects related to renewable energy and energy efficiency.

Study programs of the projects submitted to the Fund to obtain adequate financing in accordance with the principles and criteria adopted.

Design and prepare initiatives relating to JREEEF fund such as programs and projects.

Prepare programs and projects operational plans with relation to JREEEF fund.

Prepare performance indicators for the design, implementation and monitoring of all programs and projects with relation to JREEEF fund.

Follow-up programs and projects implementation in accordance with clear and specific performance indicators.

Develop and follow-up relations with the relevant authorities and governmental institutions.

Develop and follow-up relations with donor institutions and any other parties willing to cooperate with JREEEF.

2) financial and Administrative Division

Conduct necessary financial evaluation of the applications submitted to JREEEF.

Design programs related to financing renewable energy and energy efficiency projects.

Create new and long lasting employments and green investing opportunities.

Follow-up and exchange financial claims. Follow-up and audit grants given by JREEEF from time to time after disbursement to guarantee achievement

Establish funding foundations based on proposed projects and review them from time to time, after studying the supply and demand trends in the renewable energy sector.

3) Technical Assistance Division

Issue periodic technical reports on JREEEF works and projects.

Design technical support programs for various projects.

Adopt technical specifications in renewable energy projects in cooperation with the concerning authorities.

Conduct necessary technical, financial and market studies required for the sector of renewable energy and energy efficiency periodically

4) Energy Efficiency Division

Prepare energy Efficiency policies in all energy consuming sectors (transport, industry, buildings, other)

Follow-up the implementation of the regulations and instructions issued under the Renewable Energy and applicable Energy Efficiency law provisions on energy conserving.

Prepare  appliances specifications by energy saving.

prepare publications and brochures for energy conservation.

Participate in seminars, conferences and exhibitions in the field of Energy Efficiency.

Participate in awareness programs and educational lectures on energy conserving.

Participate in the deployment of solar thermal energy use through the preparation of encouraging programs for the use of solar water heaters.

Carry out any other tasks assigned by the manager.

Official source: https://www.memr.gov.jo/Pages/viewpage.aspx?pageID=264