Mohammad Ghazal | The Jordan Times (Amman, Jordan)
AMMAN — The National Electric Power Company (NEPCO) has invited an Estonian-Malaysian consortium to sign deals for building the country’s first $2.4 billion oil shale-fuelled power plant, Energy Minister Mohammad Hamed said Thursday.
The Cabinet approved the four agreements to be signed with the consortium, and the signing is expected to take place soon, Hamed told The Jordan Times.
“This is a strategic project for Jordan and we are going ahead with it,” the minister added.
Agreements with the ministry, NEPCO, the Department of Lands and Survey, and the Energy and Mineral Resources Regulatory Commission are ready to be signed, he noted.
Last month, the Attarat Power Company, owned by the consortium, said it was awaiting the government’s response on when to sign the deals to go ahead with the $2.4 billion oil shale-fuelled power plant.
Earlier this year, the Cabinet approved signing an agreement to build the plant by the company, which is owned by Enefit (Eesti Energia AS), YTL Power International Berhad and Near East Investments Limited.
The plant’s 470-megawatt (MW) capacity will cover for some 15 per cent of Jordan’s current overall electricity capacity of 3,200MW.
The plant, which is expected to be operational in February 2018, will be established on a build, own and operate basis.
This article was written by Mohammad Ghazal from Jordan Times, Amman and was legally licensed through the NewsCred publisher network.