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Oil shale fired power plant

Attarat Power Company In partnership with local and international partners, Enefit is currently in the process of establishing two parallel oil shale projects in Jordan; an oil shale fired power plant and a shale oil production plant. Enefit's oil shale fired power plant will be located in Attarat um Ghudran deposit in central Jordan. The plant will have two circulating fluidised bed (CFB) units, each with a gross capacity of around 277MW, generating 554MW.The plant will consume approximately 10 million tonnes of oil shale per year. When completed in 2020, it will be one of the largest power plants in Jordan and the largest oil shale fired power plant in the world after Enefit's Power Plant in Estonia.

Summary of Environmental and Social Impact Assessment »

Timeline / Power

 2013 2014 2015 2016 2017 2018 2019 2020
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Technical Studies and Engineering (Mine + Power Plant)
Power Plant and Mine Tendering
Environmental Impact Assessment
Financing
Construction
Operation

Completed activities

2006
  • Enefit´s first visit to Jordan
  • Memorandum of Understanding signed with the Government of Jordan (GoJ) for oil project development
2007
  • GoJ´s initial interest in power generation
2008
  • Power Project Development Agreement signed between NEPCO, GoJ and Enefit
2010
  • Oil Shale Surface Retort Concession Agreement signed with GoJ
  • Performing Pre-Feasibility study for the Oil Shale Fired Power Plant
  • Starting negotiations with GoJ on the project agreements (Power Purchase Agreement, Implementation Agreement)
2011
  • Completion of selling 30% of shareholding in Jordan oil and power projects to the Malaysian corporation YTL Power International
  • Starting the detailed exploration program and design (geology, hydrogeology, mine conceptual design, pilot tests, etc)
2012
  • The main project agreements (PPA, IA etc) agreed with NEPCO and approved by Minister of Energy and Mineral Resources
  • Launching the EPC tender for engineering, procurement and construction of the Power Plant
2013
  • Receiving the binding proposals from 6 potential EPC contractors
  • 930 M tons of oil shale resource confirmed by SRK (independent expert)
  • Environmental Impact Assessment approval by Jordan Ministry of Environment
  • Approval of environmental regulation on solid fuels by GoJ
  • Selecting GPEC as the winner of the EPC tender as the EPC contractor
  • Financing by Bank of China and Industrial and Commercial Bank of China for USD 1.4 bn, covered by Sinosure
  • Tariff proposal made to NEPCO
2014
  • Finalising the negotiations of the project documents (incl tariff), and signing the PPA and other project agreements with GoJ
  • Signing the EPC contract with GPEC
  • Project structuring, and starting the banks´ and investors´ Due Diligence
2015
  • Delivery of Competent Persons Report and resource statement for mine
  • Extended negotiation with chinese lenders on debt terms
2016
  • Signed SPA for sale of 45% stake in project to Guandong Yudean Group Company Limited
  • Signing of Financing Agreements for c. US$1.6bn debt facilities
  • Signing of revised Project Agreements with Government of Jordan