Alghad - Al-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. These companies provide several services including security, protection, hygiene, furniture, internet provider, insurance and others.

The agreement was signed by Chief Executive Officer Jason Bock and corporate representatives in the presence of a representative from the Ministry of labour. Bok said in a speech at the signing ceremony that the Attarat 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 the start of the project is about $ 300 million due to the decline of gas imports after the entry of energy produced 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, said the decision of the Committee on Foreign Affairs in the House of Representatives MP Qais Zaiden that the government to support investment-saving jobs and overcome obstacles facing and reduce the exit of hard currency in exchange for energy imports at expensive prices.

It is noteworthy that the cost of the Attarat project, which aims to generate electricity from oil shale, amounting to about (2.1) billion dollars, which is the largest investment project in Jordan, which was funded by international banks through a large financial coalition because of its great feasibility.

Local sources, such as oil shale, for the production of electricity achieve Jordan's independence in the security of the supply of electricity.

The company's data confirm that the use of oil shale to generate electricity contributes to meet the future needs of electric power at competitive prices when compared to the contractual prices agreed in the first and second phases of renewable energy projects, whether solar or wind. (Royalty Fees).

Al Attarat pays government fees called (Royalty Fees) amounting to JD (1.5) per ton, and 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 of the National Electricity Company, Jordan imported in 2017 about 10 million barrels of oil, 40% of which was used to produce electricity, as the oil bill for that year was about 2.5 billion dinars.

×