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.
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.
Read more National news
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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.
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.
Read more National news
