Jordan to build mega power plant to increase energy self-dependence

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Submitted by editor on Sun, 06/29/2014 - 18:20

Jordan to build mega power plant to increase energy self-dependence

AMMAN, June 12 (Xinhua) -- Jordan said on Thursday it decided to grant a license to an international consortium of local, Estonian and Malaysian companies to build a 2.1-billion U.S. dollar power plant, the state-run Petra news agency reported.

The 470-megawatts power plant will be fueled by oil shale, the country's key and strategic reserve that is able to diversify energy resources, said Jordan's energy minister Mohammad Hamed.

The power plant, which will be built by Estonia's Eesti Energia, Malaysia's YTL Power International and Near East Investments of Jordan, is expected to be operational in 2017.

The Kingdom, which imports about 96 percent of its energy at a cost of 2.8 billion U.S. dollars annually, or 21 percent of its gross domestic product, plans to increase self-produced energy to 60 percent by 2020.

 

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140612/jordan-build-mega-power-plant-increase-energy-self-dependenc