2006
The journey began with Mr. Munir Attala ,Founder & Chairman of Near East Investment (NEI)
Phase I - 4 years
2008 - 2010
NEI Energia ( Enefit ) JV signs project Development Agreement with Governm -ent of Jordan ( GoJ ) GoJ awards NEI – Enefit JV with Concession Agreement
2011
YTL Power joins the project , Commence power plant & mine conceptual engineering
Phase II - 4 years
2011 - 2013
Geological & hydrogeological surveys , 3D modeling & oil shale testing
2012
Launch of EPC & Mining Tender Commence EIA process & pilot testing of Attarat oil Shale.
2013
GoJ approves legislative framework for sold fuels & also approves EIA , SRK issues JORC Resources Statement; Commence PPA & EPC Contract negotiations
2014 - 2015
APCO signed PPA & IA with Nepco & GoJ and EPC contract with GPEC; Commen -ce preparation for financing due diligence, Complete detailed design for mine & infrastructure ; SRK issues JORC Reserve Statement for Oil shale Financing -Lenders due diligence commence , Equity – Selected Equity investor & due diligence commence
Phase III - 3 years
2016
Signing of financing & Equity Agreements ; Yudean joins the project
2017
Chinese Government approval for issuance of Sinosure Guarantee for the project
2017 - 2020
16 March 2017: Financial Close & issued Notice to Proceed to EPC Contractor