Jordan: SEPCO generates 30% of Jordan's electricity — minister
AMMAN — Minister of Energy and Mineral Resources Saleh Kharabsheh said on Thursday that the Samra Electric Power Company (SEPCO) provides around 30 per cent of Jordan's electricity needs, making it one of the country's largest and most critical energy providers.
During a ceremony organised by the Samra Company in the Hashemiyah area of Zarqa Governorate to celebrate Jordan's 79th Independence Day, Kharabsheh highlighted the Economic Modernisation Vision as a strategic roadmap for the Kingdom, positioning the energy sector as a critical enabler of other industries and a cornerstone of the national economy.
He also underscored the importance of addressing current challenges, transforming them into opportunities, and working toward achieving long-term national goals, according to an Energy Ministry statement.
Kharabsheh also noted that the government is working to fully meet the Kingdom's natural gas needs from the Risha gas field within the next five years, through the efforts of the National Petroleum Company.
Kharabsheh also highlighted the sector's key milestones, noting that SEPCO began commercial operations in 2005 with a single 100-megawatt gas turbine. "Today, its nominal generation capacity has reached 1,241 megawatts, with a projected total capacity of 1,834 megawatts by 2025," he added.
He also commended the plant's efficient operation, managed by highly skilled Jordanian professionals, many of whom are residents of Zarqa, underscoring the company's role in supporting local communities and creating employment opportunities.
For his part, SEPCO Director General Engineer Sami Zawatineh hailed the company's achievements since its establishment, reporting a nearly twelvefold increase in electricity production. He also noted the broader progress Jordan has made in developing its energy sector, particularly in electricity generation.
© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
a day ago
- Zawya
OPEC+ may discuss oil output hike larger than 411,000 bpd for July, sources say
OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the 411,000 barrels per day (bpd) increases it made for May and June, sources familiar with OPEC+ talks told Reuters. Eight OPEC+ countries have been raising output more rapidly than earlier planned, even though the extra supply has weighed on prices. The strategy of group leaders Saudi Arabia and Russia is partly to punish over-producing allies and to win back market share, Reuters has reported. On Saturday, the eight members may decide to increase output by 411,000 bpd for July, OPEC+ sources have told Reuters. Two more sources familiar with OPEC+ talks and two OPEC+ delegates said they could also discuss a larger increase. Kazakhstan's statement on Thursday that it won't cut production has sparked debate in OPEC+, some of the sources said on Friday, with one saying that this factor may tilt discussions towards a larger output hike on Saturday. All sources declined to be identified by name due to the sensitivity of the matter. OPEC and authorities in Russia and Saudi Arabia did not immediately respond to requests for comment on Friday. United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei, asked about the plan for July output on Tuesday, said OPEC+ was doing its best to balance the oil market and needed to be mindful of rising demand. Kazakhstan has been pumping hundreds of thousands of barrels over its OPEC+ target for months, a factor that has angered other OPEC+ members and helped sway a decision by the group to proceed with plans to hike output in April, sources said at the time. OPEC+ wants it to compensate by making further cuts, but on Thursday Russia's Interfax news agency cited Kazakhstan's deputy energy minister as saying that the country has informed OPEC that it does not intend to reduce production. Oil prices fell to a four-year low in April below $60 per barrel after OPEC+ said it was accelerating its output hike in May and as U.S. President Donald Trump's tariffs raised concerns about global economic weakness. Since then prices have recovered to about $65. OPEC+, which includes OPEC members and allies such as Russia, has made deep output cuts since 2022 to support the market. Eight members of the group have been increasing production since April to unwind some of those cuts. (Reporting by Alex Lawler, Ahmad Ghaddar, Olesya Astakhova, Maha El Dahan and Yousef Saba; writing by Alex Lawler; editing by Simon Webb and Jason Neely)
Zawya
a day ago
- Zawya
Oando PLC's Cross-Border Expansion to be Spotlighted at African Energy Week (AEW) 2025
Following a transformative year marked by a landmark Nigerian acquisition and entry into Angola's upstream sector, Jubril Adewale Tinubu, CON., Group Chief Executive, Oando PLC will speak at African Energy Week (AEW) 2025: Invest in African Energies in Cape Town. Tinubu will share insights into how Oando PLC is scaling its operations across Africa while maintaining strategic discipline and positioning itself as a key player in the continent's evolving energy landscape. In August 2024, Oando PLC finalized its $783 million acquisition of the Nigerian Agip Oil Company from Eni – a move that increased Oando's participating interests in four onshore oil mining leases (OMLs 60, 61, 62, and 63) from 20% to 40%. This deal nearly doubled the company's reserve base to an estimated one billion barrels of oil equivalent, while enhancing its operational footprint and infrastructure portfolio in Nigeria. With an ambitious target to scale production to 100,000 barrels per day by 2028, the acquisition solidifies Oando PLC's position as a dominant force in Nigeria's upstream sector. Meanwhile, Oando PLC is advancing its continental growth strategy through its upstream subsidiary, Oando Energy Resources (OER), which was recently awarded operatorship of Block KON 13 in Angola's onshore Kwanza Basin. Secured through a competitive bidding process led by Angola's National Agency for Petroleum, Gas and Biofuels, the block carries estimated prospective resources of 770 million to 1.1 billion barrels. OER holds a 45% participating interest and will lead the block's development in partnership with Effimax and Sonangol. This marks a significant milestone for the company as it enters Angola's upstream market for the first time and reinforces its long-term vision of regional integration. In addition to its African ventures, Oando PLC was recently named preferred bidder for the Petrotrin refinery lease in Trinidad and Tobago, underscoring its strategy to diversify globally while reinforcing its vertically integrated business model. The refinery opportunity aligns with Oando's broader goals of expanding refining capacity, improving energy security and maximizing value across the supply chain. 'Oando PLC represents the kind of bold, forward-looking leadership that Africa's energy sector needs. Their strategic expansion into markets like Angola, coupled with a commitment to innovation and integration, sets a powerful example of what indigenous companies can achieve. We're proud to welcome Wale Tinubu to AEW 2025 as we continue driving investment and collaboration across the continent,' states Ore' Onagbesan, Program Director for AEW. At AEW 2025: Invest in African Energies, Tinubu will engage with policymakers, investors and industry leaders to outline Oando's vision for responsible, return-driven growth across Africa and beyond. As the company scales its operations and seeks new investment and technical partnerships, his participation will provide a first-hand look into the strategic thinking behind one of Africa's most dynamic energy companies. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
The National
a day ago
- The National
Turkish companies expect more opportunities to support $500bn Syria reconstruction
Companies from banks to port operators and energy companies are lining up to grab their share of business opportunities arising out of Syria's $500 billion reconstruction effort as the war-torn country opens up its economy. Turkey's Deniz Bank, which is fully owned by Emirates NBD, expects more financing opportunities to support Syria's reconstruction, while the port operator DP World plans to ship more cargo out of Turkey to Syria. Turkish conglomerate Kalyon Holding also expects more deals in Syria after signing a $7 billion energy investment agreement to build power plants in the country on Thursday. US and Qatar-based companies are also part of this consortium. As part of the agreement, natural gas power plants with a total installed capacity of 4,000 megawatts and a solar power plant with an installed capacity of 1,000 megawatts will be built in Syria. 'Despite security challenges, the international community's commitment is strong in Syria, with support from the EU and the US,' Kalyon Energy chief executive Murtaza Ata said in Istanbul. Kalyon Energy is a unit of Kalyon Holding, which has interests in a number of sectors, including construction. 'The group we formed is one of the best solution providers who can successfully implement all these projects,' Mr Ata said. 'Syrian people are fed up with the struggle and the war of 15 years and are looking for development projects.' The company is also looking at other opportunities in Syria, including the reconstruction of the airport, Kalyon Holding chief executive Mustafa Kocar said. The company built Istanbul airport in Turkey and this expertise can be applied in Syria and other countries, he added. Deniz Bank is also bullish about Syria as the country reopens. 'There will be a good opportunity for us,' Deniz Bank chief executive Recep Bastug told media in Istanbul. 'In the past, it was an opportunity of commercial, but now infrastructure and other parts of investment will be there … because Turkey has serious amount of construction power in terms of companies, there will be very important opportunities.' Despite security challenges, the international community's commitment is strong in Syria, with support from the EU and the US Murtaza Ata, Kalyon Energy chief executive However, he did not elaborate on the extent to which the lender's balance sheet would be strengthened due to opportunities in Syria. Emirates NBD bought Deniz Bank from Russia's Sberbank for $3.2 billion to expand its footprint in Turkey in 2018. Earlier this month, US President Donald Trump made a surprise announcement about lifting economic sanctions on Syria as he visited Saudi Arabia to pave the way for investments in the country. Following the decision, the European Union also said that it would begin lifting sanctions to help Syrian people rebuild the country. Last week, Syria signed a separate agreement with Turkey for the supply of two billion cubic metres of natural gas to help the country overcome power shortages. Infrastructure devastated by war The Syrian economy has been devastated by the civil war, with the UN's Development Programme estimating cumulative losses – including physical damage and economic deprivation – at more than $923 billion at the end of last year. The estimated cost of reconstruction has varied from $250 billion and $500 billion, according to experts. Kris Adams, DP World's executive vice president for East Europe, said the reopening of the Syrian economy provides new opportunities for ports in neighbouring countries for shipment of cargo. 'A country that has been war-torn for many, many years is finally looking at some positives and will require a lot of rebuild,' Mr Adams said in Istanbul. 'The ports in the country itself will be relevant, but also ports in neighbouring countries like Turkey, which has a border with Syria, will see more cargo flowing through in order to assist with that rebuild.' Earlier this month, Dubai-based DP World signed an initial agreement with the Syrian government to develop the port of Tartus in an $800 million deal. Opportunity for many nations Syria reopening is 'not just an opportunity for Turkey but also for many other nations', according to Burak Daglioglu, president of the Investment Office of the Presidency of Turkey. 'After the lifting of sanctions, the opportunities will be for all countries, but the biggest opportunity will be for civilians themselves' in rebuilding the country, he said.
