LoadingLoading ...

عربي

National Electric Power Company

  
Also known as: NEPC, NEPCO
 
 
 
 
 
 
 
 
 
 
 
 
Updated: Feb 28, 2011
 
 
 
Country

Jordan

Ownership Type
 
 
 
Zawya Industry Classifications (ZIC)
Sector Industry

Power and Utilities

 
Principal Activities
Construction, planning, development, operation, maintenance and management of electric transmission networks, control systems, and interconnection networks; electric power services.
 
Date of Establishment Year
1967
 
No of Employees
1,400 Company, N/A Group (As of Feb 28, 2011)
 
 
Contact Details
Address:
National Electric Power Company Building
Zahran Street
Dowwar 7 Area
P.O. Box 2310
Amman  11181
Capital Governorate
Jordan
 
Tel:
+962 6-585-8615
 
Fax:
+962 6-581-8336
 
Email:
info@nepco.com.jo
 
Website:
www.nepco.com.jo
 
Related Links:
www.emecojo.com

 
 
 Business Overview
The National Electric Power Company is mandated by the Jordanian government to plan, develop, operate and maintain electrical transmission grids, the national grid and the process of transmitting electricity in Jordan and to neighboring countries. NEPCO is also responsible for purchasing and selling energy, importing and exporting electric power, and buying and redistributing natural gas to power companies.

NEPCO is the successor of the Jordan Electricity Authority (JEA), which was established by the government in 1967 to supply power to the nation. In September 1996, the government replaced JEA with NEPCO to upgrade the national transmission network and the electric interconnection networks with neighboring countries, in order to purchase and sell energy directly and through licensed distribution companies.

In an effort to expand its activities in the Gulf, NEPCO established in September 2007, the Gulf Company for Energy Trade and Contracting in partnership with Kuwaiti holding firm, Al Dinar Company. Capitalized at KWD100,000 (USD358,038), the new entity is responsible for bidding large energy projects in Kuwait.

NEPCO announced in April 2008 that it has signed a JOD4 million (USD5.6 million) agreement with the Swedish company ABB to develop a monitoring and control center in southern Amman that will help expand the electricity network nationwide.
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Government of Jordan  Government Jordan 100.00% 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Energized Maintenance Engineering Company [EMECO] Jordan 50.00%
Jordan Swiss Automation Services Company Jordan 50.00%
 
 
 Financial Results  31-Dec-08  31-Dec-09   Yr on Yr 
  JOD'000 JOD'000 change (%)
Total revenues  609,148 636,488 4.49
Net profit  (40,523) 33,571 182.84
Total assets 578,701 634,764 9.69
Paid-up capital 230,000 230,000 0.00
Shareholders' Equity 184,010 218,409 18.69
Shares outstanding 230,000 230,000 0.00
» View Full Financials