Project Significance

  • 1st oil shale power plant & oil shale mine in Jordan.
  • Provides 470 MW (net) baseload power to NEPCO under 30 years PPA with a competitive tariff and minimum linkage to global oil price.
  • ¬†APCO is responsible for its own fuel and water supply.
  • Largest private investment to Jordan, c. USD 2.1 billion.
  • Largest 100% Chinese project financing for private infrastructure project outside China, c. USD 1.6 billion under the Belt and Road Initiative.
  • 1st oil shale fired power plant & mine in the world financed using limited recourse debt financing.
  • More than 100 local Jordanians contractors, subcontractors and suppliers involved in the project.
  • When completed, the Project will provide for over 1,500 direct & indirect jobs opportunities for Jordanians over 30 years.