Estonia's Eesti Energia is to build an oil shale power plant in Jordan.
An agreement was signed last month by Jordan's minister of energy and mineral resources, Khaldoun Qteishat, the director general of the National Electricity Company, Ahmad Hiyasat, and Eesti Energia chairman, Sandor Liive, for the construction of a 900 MW facility.
Funding for the project is expected to come from investors. Startup is pencilled in for 2015.
The moves forms part of the Jordanian government's efforts to reduce the country's dependency on imported energy.
Oil shale is a sedimentary rock which contains kerogen. From this low grade liquid hydrocarbons can be extracted. Estonia has the only predominantly oil-shale-based energy production system in the world.
Tallinn-based Eesti Energia is a state-owned company active in the production, sale and transmission of electric and thermal power. The firm operates two of the world's largest oil shale plants in Narva, Estonia. Eesti Energia says it hopes to develop an economically secure and environmentally sustainable global oil shale industry.
The utility is also investing in renewable energy resources, such as wind power, biofuels and waste-to-energy projects.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.