Attarat Companies sign 20 Service & Supply Contracts with Local Companies

Attarat Power Company recently signed 20 agreements with local companies and contractors to provide about 250 jobs for Jordanians. These agreements aim to support local companies and provide job opportunities in these companies which provide several services such as security, protection, hygiene, furniture, internet provider, insurance and others.
The agreements were signed by Chief Executive Officer of Attarat Jason Pok and companies’ representatives in the presence of representative from the Ministry of Labor.

Pok said in a speech at the signing ceremony that the Attarat oil shale project provided more than 1000 jobs for Jordanians during the construction phase, where it was working with more than 30 local companies from the largest companies operating in the Kingdom in various sectors, during 30 months of work, contracts exceeded worth $ 400 million.

The estimated saving of the project after operating it is about $300 million due to decreasing of gas imports after entering of produced energy from oil shale on the grid, and relying on a local energy source at a time when Jordan has reserves of oil shale up to about 70 billion tons.

For his part, the decision of the Committee on Foreign Affairs in the House of Representatives MP Qais Ziadin said that the government should support investments that offer jobs and overcome obstacles facing them, which reduce the exit of hard currency in exchange for energy imports at expensive prices.
It is noteworthy that the cost of Attarat project, which aims to generate electricity from oil shale, is about (2.1) billion dollars. It is the largest investment project in Jordan, which was funded by international banks through a large financial coalition because of its great feasibility. Relying on local sources such as oil shale for electricity production achieve Jordan’s independence in the security of the supply of electricity.
The company’s data confirms that the use of oil shale to generate electricity contributes to meet the future needs of electric power at competitive prices when compared with the contractual prices agreed in the first and second phases of renewable energy projects, whether solar or wind.
Attarat Power Company pays royalty fees at cost of 1.5 JD per ton for the government. The variable cost of the oil shale project is about 1.0 US cents per kilowatt. In contrast, renewable energy projects pay a cost of 10.0 US cents per kilowatt as storage cost.
According to data from the National Electricity Company, Jordan imported in 2017 about 10 million barrels of oil, 40% of it was used to produce electricity, as the oil bill for that year was about 2.5 billion Jordan dinars.

16 October 2019