October 2014

Agreement paves way for Enefit to begin construction on oil shale-fired power plant in Jordan

13 Oct 2014
The Jordanian national power company, NEPCO, signed a 30-year Power Purchase Agreement on October 1st that will allow for construction of a 554-megawatt oil shale-fired plant. Attarat Power Company (APCO), of which Enefit is a partner, will build and operate the plant, to be located in the central part of the country south of the capital, Amman.

Unlike other Middle East nations, Jordan lacks oil and gas reserves; it imports 96 percent of its energy at a cost of nearly one-fifth of its gross domestic product. Fortunately, Jordan does have easily accessible oil shale deposits that will be used first to generate electricity through direct combustion of the shale, similar to Enefit’s experience in power production in Estonia (and similar to coal-based power production). Following plans target expanding into production of liquid fuels – similar to the project we are developing here in Utah.

Completion is targeted for the second half of 2018. The plant will be the largest oil shale-fired power station in the world after Enefit’s Narva Power Station in Estonia, consisting of two circulating-fluidized-bed (CFB) units. The project involves a wide range of international firms– Enefit’s partners in APCO are Near East Investments of Jordan and YTL International Berhad of Malaysia. The plant is being designed by Australia’s WorleyParsons and built by Guangdong Power Engineering Company of China using boiler technology from Foster Wheeler and Siemens turbines. Two Chinese banks are financing the $2.2 billion project.

In addition to providing a much-needed stable supply of power for Jordan, the project will create about 3,500 construction jobs and 1,000 operations jobs.

Energy A Major Contributor to Utah’s Economy

13 Oct 2014
Energy production contributes some $8.4 billion annually to Utah’s economy and directly and indirectly employs 79,600 people in the state, according to a recent report by the American Petroleum Institute, the leading industry group for energy producers. What’s more, at $78,730, the average
annual energy industry salary is nearly twice the statewide average.

The report lists the contribution made by energy production in all 50 states, along with a list of energy industry vendors organized by Congressional district.

Uintah County Approves Penstemon Regulations

13 Oct 2014
Uintah County Commissioners have taken the next step to ensure that the Penstemon Conservation Agreement recently approved by the U.S. Fish and Wildlife Service to prevent the plant from being listed as an endangered species has “teeth” by enacting new zoning regulations. The Penstemon
Conservation Area Overlay Zone will apply to public and private property, including Enefit’s, focusing on the populations that have the greatest likelihood for growth. The 15-year Agreement, which Enefit supports and will be actively engaged in, serves as a new model of how local, state, and federal officials, as well as private landowners, can come together to find win-win solutions. Hope Hornbeck, a senior ecologist with SWCA Environmental Consultants, who has worked closely on the agreement and is well-versed on approaches to protecting sensitive species, lauded County Commissioners and others for their work on the landmark Agreement in a commentary published in the Vernal Express. The Agreement, she says, can serve as a practical, locally driven conservation model for other species.

Enefit American Oil (and partners) LIVE UNITED

13 Oct 2014
Employees of Enefit American Oil and several of the firm’s contractors and partners took time off on a beautiful Thursday morning in mid-September to volunteer to improve the community. Organized by the United Way, a nationwide coalition of nonprofit organizations, the 2014 Day of Caring
involved more than 5,700 people volunteering on 130 different projects throughout the Salt Lake City area. Enefit’s team was responsible for clearing invasive weeds – specifically a prickly plant called goathead – along a stretch of the Jordan River Parkway. Passing cyclists, in particular, expressed thanks for helping to eradicate the notorious tire-puncturing weed.