About Attarat
A Vision for National Energy
Attarat Power Company (APCO) was conceived to address one of Jordan's most critical challenges: energy dependence. Through a landmark $2.1 billion investment, APCO built and now operates a 470MW(net) power station at Attarat Um Ghudran, fulfilling a national vision for self-sufficiency.
Our Journey & Milestones
Click on any phase node to watch the arrow move along the timeline track and showcase key milestones with visuals.
2006 - 2010
The initial exploration, geological mapping, and concession awards that laid the groundwork for this nation-building asset.
The Journey Began with Mr. Munir Anisla, Founder & Chairman of Near East Investment (NEI).
NEI Energia (Enefit) JV signs project Development Agreement with Government of Jordan (GoJ). GoJ awards NEI - Enefit Oil Shale Concession Agreement.
2011 - 2013
Expansion of operations with global partners, advanced hydrogeological mapping, and pilot shale processing tests.
YTL Power International Bhd joins the project. Commence power plant & mine conceptual engineering.
Geological & hydrogeological surveys. 3D modeling & shale testing.
Launch of EPC & Mining Tender. Commence EIA process. Pilot testing of Attarat Oil Shale.
Grid connection legislative framework for solid fuels approved & SDK issues JORC Resource Statement. Commence PPA & EPC Contract negotiations.
2014 - 2017
Finalizing state agreements, securing massive international banking syndicates, and launching EPC notice to proceed.
APCO signed PPA & IA with MEMR & GoJ and EPC contract with GPEC. Commence engineering & financing due diligence. Detailed design for mine & infrastructure. SDK issues JORC Resource Statement.
Signing of financing & Equity Agreements (Yudean joins the project).
Chinese Government approval for Sinosure Guarantee. Financial Close on 16 March 2017; Notice to Proceed issued to EPC.
2021
Heavy plant engineering, structural boiler assembly, and first high-voltage grid synchronization.
Synchronization of Unit 1 materialized with the national grid on 19 May 2021.
Commercial Operation
Achieved dual commercial operation for both Unit 1 & Unit 2, completing full facility operations and satisfying up to ~17% of Jordan's national electricity demand.
First Unit successfully achieved Commercial Operation (COD) on 25 October 2022.
The second Unit successfully achieved Commercial Operation (COD) on 26 May 2023, completing full facility operations.
The initial exploration, geological mapping, and concession awards that laid the groundwork for this nation-building asset.
Expansion of operations with global partners, advanced hydrogeological mapping, and pilot shale processing tests.
Finalizing state agreements, securing massive international banking syndicates, and launching EPC notice to proceed.
Heavy plant engineering, structural boiler assembly, and first high-voltage grid synchronization.
Achieved dual commercial operation for both Unit 1 & Unit 2, completing full facility operations and satisfying up to ~17% of Jordan's national electricity demand.
Our Core Values
Our core values guide our decisions, operations, and relationships as we build a sustainable energy future for Jordan.
Committed to Excellence
& Integrity
Passionate &
Dedicated
Accountability
Collaborative &
Results-Oriented
Continuous Improvement
& Value Creation
Our Companies
The holding company and lead developer for the Attarat Project with 30-year PPA with NEPCO (Extendable by 10 Years).
Operates Jordan's first commercial oil shale mine at the Attarat Um Ghudran concession (37km²).
Operate and maintain day-to-day operations, maintenance, and optimisation of the power station.
Our Shareholders & Project Sponsors
Senior Management Team
Message from the CEO