JD 150 million bonds in favor of (the national electricity company) and (Water Authority)

    Zhadalardn news - News of Jordan:

    An informed source said the government had agreed to the issuance of treasury bonds for the benefit of all of the national electricity company and the water authority a total value of 150 million bail and the government.

    The source, who preferred anonymity told (Arabs today) have been allocated the issuance of bonds worth 100 million dinars for the benefit of the national electricity company and 50 million dinars for the benefit of the Water Authority.

    The source indicated that the government excluded from Alkahrabaaloutnah both the company and the water authority of its decision to suspend debt to ensure that they can be even repayment obligations accrued to them for the benefit of others.

    The government decided to suspend the debt of ensuring bodies and institutions independent of government and corporate debt because the proportion of GDP stood at 58 percent, and the maximum allowable ratio of 60 percent of GDP, according to the Public Debt Law.

    The source indicated that the water authority resulted in commitments to calculate the contractors who have carried out several projects in the water sector, noting that the bonds will be issued in favor of the authority will be allocated for the payment of obligations for the benefit of others.

    The national electricity company suffers from significant financial losses due to the use of fuel oil and diesel as an alternative to running the stations after Egyptian gas outage.