Cabinet adoption of an action plan in collaboration with the World Bank and Fund staff, aiming to reduce NEPCO's losses by JD 90 million in 2023 and JD 135 million in 2024, including by : (i) extending the connection fee for self-generation to businesses; (ii) implementing time of use tariffs and other adjustments needed to compensate NEPCO for higher input costs; (iii) enforcing more stringent KPIs for distribution companies, including targets for technical losses and O&M expenses; (iv) reducing non-technical losses due to tampering with electricity meters; (v) replacing the Floating Storage Regasification Unit (FSRU) with cheaper substitutes; (vi) establishing a specialized company for LNG purchases; (vii) mining royalties from oil shale PPA; and (viii) securing a telecom license to enable NEPCO to provide billable telecom services using its fiber optics infrastructure.
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