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Jordan’s cabinet has approved plans for a $2.4bn oil shale mining and power generation project.
The mine and power plant will be developed by Attarat Power Company (Apco), a joint venture of Estonia’s Enefit (65%), Malaysia’s YTL Power (30%) and Jordan’s Near East Investment (5%), in the Attarat umm Ghudrun region 110km southeast of ‘Amman.
The power plant will have generating capacity of 470MW and will sell power to Jordan’s National Electric Power Company (Nepco) over 26.5 years at a cost of 95 fils/kWh ($0.13/kWh). Minister of Energy and Mineral Resources Muhammad Hamid says that the average cost for generating power from Jordan’s existing plants is 170 fils/kWh ($0.24/kWh). (CONTINUED - 533 WORDS)