Al Own BCM Joint Venture

AL OWN BCM is a joint venture between Al-Own Advanced for Contracting; which is a Jordanian contracting company incorporated in 1983, with its headquarters in Amman, and BCM International Company; which began as “Bayswater Contracting” a family firm in Western Australia in the early 1950s, and then expanded into Ghana in 1990.

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This strategic partnership has enabled the joint venture to secure the biggest oil shale power plant project in Jordan. 

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In 2012 Enefit Estonia (Eesti Energia AS) the world's largest oil shale developer, in partnership with YTL Power International which is an international multi-utility group headquartered in Kuala Lumpur, Malaysia, and listed on Bursa Malaysia. Started as the 1st IPP in Malaysia, YTL Power is now active across key segments of the utility industry with operations in Malaysia, Singapore, Indonesia, the United Kingdom, Australia, and Jordan. and Guangdong Yudean Group which is a Chinese state-owned and the largest utility company in Guangdong Province, China. It provides power and energy services covering power generation, electricity transmission, power system management, power network maintenance, LNG supply, and other services.  established Attarat Power Company (APCO) to develop a nominal 532 MW (gross)/ 490 MW (net) Oil Shale fired generation project in favor of the National Electric Power Corporation (“NEPCO”) of Jordan, the single buyer of power. This is the largest private project financing supported by Sinosure to date with an investment value of USD 2.1 billion.

APCO oil shale projects are located in the Attarat Um Ghudran oil shale reserve, which is estimated to contain over 3.5 billion tones of Oil Shale.

The Financial Close and Notice to Proceed (NTP) was issued on the 16th of March 2017.

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