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The construction of Jordan’s first to be fuelled by oil shale US$2.2bn power plant is set to start in June this year
The Attarat Power Company (APCO) is in the process of securing the remaining finance needed for starting construction on the facility, Jordan’s minister of energy and mineral resources Ibrahim Saif said, according to Jordan Times.
APCO is a wholly-owned subsidiary of Enefit Jordan BV, which is owned by Enefit (Estonia’s Eesti Energia AS), Malaysia’s YTL Power International Berhad and Jordan's Near East Investments Limited.
Saif said, “By the end of May, the consortium is expected to secure the remaining funds for the project and then in early June we expect construction on the power plant to start.
“This project is part of the government’s efforts to diversify its energy resources through utilising the country’s reserves of oil shale.”
In January this year, the consortium signed a US$1.6bn agreement for the funding of Jordan’s first oil shale-fired power plant, which will be built in the Attarat area with a total capacity of 470MW.
According to official figures, Jordan has vast reserves of oil shale estimated at more than 70bn tonnes.