Jordan Secures Funding To Build $2.1B Oil Shale Plant

By Tsvetana Paraskova Jordan’s Attarat Power Company (APCO) has secured financing from Chinese banks to proceed with its plan to build a $2.1-billion power plant in Jordan that would be fired by oil shale – a sedimentary rock that can be burned directly for electricity generation. The financing-closure agreement will now allow APCO to begin construction of the power plant, a company official told Reuters. APCO – owned by one Estonian, one Malaysian and one Chinese company – is an affiliate of Estonia’s Enefit, the world’s largest…

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