APCO signs EPC deal for Jordanian shale plant
China's Guangdong Power Engineering confirmed as builder of 554MW power.
Attarat Power Company (APCO) has finalised an engineering, procurement and construction (EPC) contract with China’s Guangdong Power Engineering Corporation (GPEC) to construct Jordan’s first oil shale fired power plant, a statement said Sunday.
The contract was signed after APCO finalised negotiations with the government regarding the 30-year power purchase agreement which was signed at the beginning of October, the statement said.
The power plant is scheduled to start generating electricity for local consumption in the second half of 2018, according to the statement.
GPEC was selected in 2013 to perform the EPC of the 554 megawatt power plant under a fixed price turn-key contract.
Attarat Power Company (APCO) is a subsidiary of Estonia’s Eesti Energia, Malaysia’s YTL Power International Berhad, which owns 30% of the company, and Near East Investment, which owns 5%.