Attarat Power Company (APCO)
Gold Sponsor 2018

Attarat Power Company (“APCO”) is a project to construct the first oil shale fired power station and open cast mine in Jordan. It will be located at the Attarat um Ghudran oil shale deposit approximately 100km south east of Amman. The construction of the 554MW gross/470MW net oil shale fired mine mouth power station will commence shortly and the power station is scheduled to start operation in mid-2020. 

This project is the first to commercially utilise Jordan’s abundant oil shale reserves, and will significantly reduce Jordan’s reliance on imported oil and gas. With an investment value of USD 2.1 billion, the project is the largest private sector project in Jordan to date. The two unit power station will be the first oil shale fired power station and mine project in the world funded by limited recourse project financing. It is expected to meet 10-15% of Jordan´s annual power demand. 

APCO is owned 45% by each of YTL and Yudean and 10% by Enefit.  APCO has entered into a 30-year agreement with NEPCO for the sale of the entire electrical capacity and net electrical output following construction of the power station. Affiliates of the shareholders will be responsible for the operation and maintenance of the power station as well as the fuel supply. The power station and oil shale mine are expected to employ approximately 5,500 people during construction and 1,000 during operations. 

Jordan has abundant resources of oil shale (kerogen). Oil shale is a rock containing organic matter. Oil shale can be mined, crushed and then either burned as fuel in a power station or retorted to produce oil.

 

Attarat Power Company: Second Floor 342 Wasfi Al Tal Street, Khalda

P.O.Box 250, Amman 1182, Jordan. Tel: +962 6 5563056/7/8/9   Fax: +962 6 556 0022