Jordan approves $2.4bn power plant
Cabinet green lights 470MW oil shale-fuelled project by Enefit.
Jordan has given the green light to a $2.4bn oil shale-fuelled power plant.
Energy and mineral resources minister, Mohammad Hamed said the cabinet has approved the construction of the 470 MW project by Enefit, Jordan Times reported.
The plant, which will be set up on a build-own-operate basis, will increase Jordan’s current installed power generation capacity of 3,200MW by 15%.
Last month the government reached an agreement with Enefit to pay between 78 and 99 fils per KWh for the power plant’s output.
Enefit claims to be the largest oil shale to power company in the world with 2,380MW of installed capacity.
The firm is owned by Estonia’s Eesti Energia, YTL Power International of Malaysia and Near East Investments Limited.