International ruling in Jordan’s ‘Attarat’ case soon

(Photo: Jordan News)
AMMAN — The international ruling in the “Grave Deception” case filed by the Jordanian government with relation to the generation of power from oil shale will soon be issued, according to Khaberni News.اضافة اعلان

The government and the National Electric Power Company (NEPCO) had requested arbitration from the International Chamber of Commerce (ICC) in Paris, on grounds of grave deception in the power purchase agreement. The arbitration request sought to reach a judgement on the existence and value of the grave deception In the electrical tariff, as well as to arrive at a decision on NEPCO’s right to terminate the contract, unless the “deception” is removed.

The project agreement was signed during the term of Abdallah Nsour’s government in 2014, at an estimated cost of $2.1 billion, and a 470 megawatt capacity, representing 15 percent of the Kingdom’s electricity requirements.

The project is wholly owned by Attarat Power Company, a coalition of three companies from China, Malaysia, and Estonia. Construction of the project’s infrastructure began in mid-2017.

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