Jordan, South Korea in negotiations over power plant deal

AMMAN, Sep 17, 2008 (Xinhua via COMTEX) -- MRLS | Quote | Chart | News | PowerRating -- Jordan and a South Korean firm are in negotiations over the construction of a power plant, local daily The Jordan Times reported on Wednesday.

Negotiations are under way over the plan between the Ministry of Energy and Mineral Resources and the state-run Korea Electric Power Corp. (KEPCO), the ministry's spokesperson, Mahmoud Eis, said on Tuesday.

"KEPCO was one of four companies interested in the construction of the 400-megawatt, 500 million U.S. dollars plant which will be established in Qatraneh on a build-operate-own basis," said Eis, adding that KEPCO's offer was the best among the four bids submitted to win the deal.

The project, to be operational by 2011, is expected to be Jordan's largest private sector natural gas-powered plant, according to Eis.

It is the second to be implemented by the private sector after the Amman East Power Plant, which was constructed in Al Manakher area with a total generation capacity of 370 megawatts, officials said.

Jordan's demand for electricity is expected to reach approximately 4,000 MW by 2020, according to official figures.

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