Attarat Oil Shale-Fired Power Plant

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This projects involves the set up of a 470-MW (net) oil shale - fired power plant in Attarat um Ghudran, approximately 100 km southeast of Amman. Attarat Power Company (APCO) is the project company undertaking the development and is owned by Eesti Energia (10%), YTL Power International Berhad (45%) and Yudean (45%). This is a greenfield project initiated under a BOO modality. Jordan's National Electric Power Company (Nepco) will purchase power from the plant under a 30-year power purchase agreement. Financing comprises 75 per cent debt and 25 per cent equity funds. Lenders to the projects are reported to be Bank of China, Industrial & Commercial Bank of China (ICBC), China construction bank and EX - IM Bank of China. Loan split is not disclosed. The financing is covered by an export credit insurance provided by China Export & Credit Insurance Corporation, also known as Sinosure. The construction of the 554MW gross/470MW net oil shale-fired mine mouth power station will begin shortly, while the power station's construction is scheduled to start in mid-2020. https://ijglobal.com/data/transaction/30847/attarat-oil-shale-fired-power-plant-554mw http://www.jordantimes.com/news/local/all-set-building-oil-shale-fired-power-plant https://www.enefit.jo/en/news/-/news/releases/2017/03/16/attarat-power-company-financial-close-for-the-usd-21-billion-oil-shale-power-project-in-jordan