National Electric Power Company

What National Electric Power Company does

National Electric Power Company (NEPCO) is a state-owned public shareholding company, wholly owned by the Government of Jordan, that operates as the country's sole electricity transmission system operator and wholesale buyer. Established in its current legal form under Electricity Law No. 10 of 1996 (evolving from the 1967 Jordanian Electricity Authority), NEPCO manages the national grid at 132 kV and 400 kV voltage levels, spanning approximately 5,879 km of transmission lines and 14,969 MVA of main substation transformation capacity as of end-2022. The company served a maximum peak load of 4,010 MW in 2022 and provides 99.9% population coverage. NEPCO also operates the National Control Center for load dispatch and manages all cross-border electricity interconnections linking Jordan with Egypt (550 MW), Iraq (150-200 MW), Palestine (80 MW), Lebanon (150-250 MW), and Saudi Arabia (planned 500-1,000 MW), plus the planned Jordan-Gulf-Egypt corridor (2,000 MW).

NEPCO's core product is electricity transmission and wholesale supply, delivered to three state-owned distribution companies — JEPICO (central Jordan), IDECO (northern Jordan), and EDCO (southern Jordan) — which collectively absorb approximately 96% of its electricity sales, as well as to large industrial customers (~208 GWh in the first five months of 2026) and cross-border export markets (149.5 GWh in the same period, +15.3% YoY). Revenue mechanics operate on a regulated, cost-reflective wholesale tariff structure set by the Energy and Minerals Regulatory Commission (EMRC), with additional recurring revenue from leasing surplus optical fiber (OPGW) strands along its 1,500 km transmission-corridor network to telecom operators and government institutions. Recent commercial expansion extends beyond pure transmission into LNG regasification and gas supply — including a nine-month FSRU time charter with Excelerate Energy for the Aqaba terminal (mid-2026), a five-year binding agreement with Iraq's Ministry of Electricity for regasification and LNG delivery (250 MMscfd baseline), and a Qatar-funded agreement to supply ~4 million cubic meters of natural gas daily to Syria through Jordanian territory from January 2026.

Operationally, NEPCO is repositioning itself from a pure transmission utility into an integrated regional energy platform. The April 2026 MoU with the European Bank for Reconstruction and Development (EBRD) explicitly targets renewable capacity expansion, battery energy storage systems, grid modernization, and green hydrogen development — backed by EBRD's cumulative €2.2 billion Jordan investment and a €5 billion 2026 regional conflict response package. The company holds ISO 14001 and OHSAS 18001 certifications, is led by Director General Dr. Sufyan Al-Bataineh under Chairman Omar Ashraf Al-Kurdi, and employs 1,001-5,000 staff across its Amman headquarters and national infrastructure footprint. Customer concentration on three distribution counterparties remains the dominant commercial risk; regional integration and energy-transition projects are the primary growth drivers.

Name

National Electric Power Company

Legal name

شركة الكهرباء الوطنية المساهمة العامة

Website

https://nepco.com.jo

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

NEPCO is Jordan's fully state-owned electricity transmission system operator and wholesale buyer, managing the 132/400 kV national grid, the National Control Center, and cross-border interconnections with Egypt, Iraq, Palestine, Lebanon, and Saudi Arabia. It serves three domestic distribution utilities (JEPICO, IDECO, EDCO) covering ~96% of sales, plus regional export markets and emerging LNG/gas-to-power partnerships.

Ownership category

akta.pro rank

Product category

Electricity Transmission and Grid Operations

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911)

akta.pro primary industry

Transmission Substations & High-Voltage Switchyards (EUADAAAF)

akta.pro secondary industries

Telecom, SCADA & OPGW/Fiber Integration for T&D Projects (EUAEABAG), Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC), Interoperability Standards, Certification & Compliance (NERC CIP comms, FCC/licensing) (EUADAIAN)

Keywords

• Electricity transmission services
• National grid operations
• Wholesale power supply
• Cross-border interconnection
• Optical fiber leasing

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Wholesale Electricity Sales: NEPCO sells electricity at wholesale to distribution companies and exports electricity to neighboring countries. The company manages the national grid and purchases electricity from generation companies and imports from regional neighbors, then resells/distributes through the transmission network.
2. Optical Fiber Network Rental: NEPCO rents surplus fiber optic strands from its OPGW network to government institutions and private sector investors seeking telecommunications infrastructure, generating revenue from the national fiber asset.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

NEPCO operates Jordan's national electricity transmission grid at 132 kV and 400 kV voltage levels, serving as the sole wholesale electricity buyer and system operator. The company transmits electricity from generation companies and imports to three distribution companies (JEPICO, IDECO, EDCO) and large direct customers, while managing cross-border interconnections with Egypt, Iraq, Palestine, Lebanon, Syria, and Saudi Arabia. NEPCO also leases surplus optical fiber capacity from its 1,500 km OPGW network to telecom operators and provides transformer oil testing laboratory services.

Product overview

National Electric Power Company (NEPCO) operates as Jordan's state-owned electricity transmission utility, managing the national power grid and providing wholesale electricity supply services. The company's core product is electricity transmission infrastructure operating at 132 kV and 400 kV levels, with approximately 5,879 km of transmission lines and 14,969 MVA of transformer capacity. NEPCO also offers complementary services including dark fiber optic network leasing (OPGW) along its transmission corridors, transformer oil testing laboratory services, and cross-border power grid interconnection facilitating regional electricity trade with neighboring countries including Egypt, Syria, Lebanon, Iraq, Saudi Arabia, and Palestine. The company manages the National Control Center and coordinates load dispatch across the unified power system.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Transmission Services
• Dark Fiber Optic Network (OPGW) Rental

Quantifiable outcome

• 4,010 MW maximum load served with 99.9% population coverage
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Syrian Petroleum CompanycoreStrategic or Co-development Partner · 26 January 2026Syria's state-owned Syrian Petroleum Company signed an agreement with NEPCO to supply approximately 4 million cubic meters of natural gas daily to Syria through Jordanian territory. Deliveries began on January 1, 2026, ranging between 30 million and 90 million cubic feet per day. The supply is funded by Qatar as part of regional efforts to address Syria's severe electricity shortages. NEPCO is procuring a replacement floating storage unit to ensure uninterrupted gas supply beyond March when the current chartered vessel lease expires.
• LebanonminorStrategic or Co-development Partner · 1 January 2022NEPCO has a contract to supply electricity to Lebanon: 150 MW from midnight to 6am, and 250 MW from 6am to midnight. Supply is routed through the Syrian electrical network.
• Egypt - Egyptian Electricity Transmission CompanyStrategic or Co-development Partner · 1 January 2022NEPCO manages the Jordan-Egypt electricity interconnection via a 400 kV submarine cable (13 km) with capacity of 550 MW. The contract for energy exchange between Jordan and Egypt was renewed for 2022. NEPCO also coordinates on the Jordan-Gulf-Egypt interconnection project (400 kV, 1,958 km, 2,000 MW planned capacity).
• Palestine - Jerusalem District Electricity CompanyminorStrategic or Co-development Partner · 1 January 2021NEPCO supplies electricity to Palestine via the Rama 132/33 kV substation project, increasing supply capacity from 40 MW to 80 MW. NEPCO exports approximately 84.3 GWh annually to Palestine (up 16.9% YoY in first five months of 2026).
• Excelerate EnergycoreStrategic or Co-development PartnerExcelerate Energy has a nine-month time charter agreement with NEPCO to deploy its newbuild FSRU Excelerate Acadia at the LNG terminal in Aqaba, with operations expected to start around mid-2026. The charter is expected to generate approximately $20 million of adjusted EBITDA for Excelerate Energy in 2026. This interim deployment provides additional regasification capacity for Jordan while Excelerate advances Iraq's LNG import terminal project. NEPCO is also involved in the Iraq project through five-year regasification and LNG delivery agreements.
• Iraq Ministry of Electricity / General Company for Electricity TransmissioncoreStrategic or Co-development PartnerNEPCO is implementing the Jordan-Iraq electricity interconnection project (400 kV, 330 km in Iraqi territory + 6 km in Jordan) to supply 150-200 MW to Iraq. A supply contract was signed in September 2020 and a binding commercial agreement for Iraq's first integrated LNG import terminal was finalized in October 2025, featuring a five-year regasification and LNG delivery pact with baseline offtake of 250 million standard cubic feet daily. NEPCO exports approximately 62 GWh of electricity to Iraq in the first five months of 2026 (up 13.3% YoY).
• Saudi Arabia - Saudi Electricity CompanycoreStrategic or Co-development PartnerNEPCO is implementing the Jordan-Saudi Arabia electricity interconnection project (400 kV, 112 km in Jordan + 52 km in Saudi Arabia) with planned capacity of 500 MW in first phase, expanding to 1,000 MW in second phase. All technical and economic studies have been completed, and MoUs have been signed. Commercial operation expected end of 2025.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• National Grid (UK): National Grid is the UK's major TSO and one of the largest globally. As a regulated national TSO with cross-border interconnectors to continental Europe, it provides a benchmark for transmission business model, regulatory framework, and interconnection economics that NEPCO aspires to at scale.
• PSE (Polish Power System Operator): PSE operates Poland's national transmission system, manages cross-border interconnections with European neighbors, and integrates large-scale renewable generation. Comparable to NEPCO as a national TSO managing energy transition and regional power flows.
• TenneT: TenneT is a major European TSO operating the Netherlands and large parts of Germany's high-voltage grids, with significant cross-border interconnection. Comparable to NEPCO in transmission-only mandate, regulatory structure, and offshore/onshore grid integration role.

Regional players

• Israel Electric Corporation: Israel's state-owned national electric utility, operating generation, transmission, and distribution. Comparable in scale and regional positioning to NEPCO as a Middle Eastern state-owned integrated utility serving a similarly sized electricity market.

Direct peers

• Saudi Electricity Company: Saudi Arabia's national electricity transmission and distribution utility and NEPCO's direct partner on the Jordan-Saudi interconnection project (500-1,000 MW planned capacity). SEC is a comparable state-owned national grid operator in a neighboring GCC market with overlapping transmission and interconnection roles.
• General Company for Electricity Transmission (Iraq): Iraq's national transmission company and NEPCO's direct customer for the Jordan-Iraq 400 kV interconnection. As a neighboring national TSO that both purchases electricity from and provides interconnection infrastructure with NEPCO, it is a directly comparable peer in similar market conditions.
• Egyptian Electricity Transmission Company (EETC): EETC operates Egypt's high-voltage transmission network and is NEPCO's counterpart on the 550 MW Egypt-Jordan submarine cable interconnection. As a regional national TSO with comparable scale and cross-border trading role, EETC is a close operational peer.
• Oman Electricity Transmission Company (OETC): OETC operates Oman's high-voltage transmission network as a dedicated state-owned TSO, comparable in business model to NEPCO's focused transmission mandate. Similar sized grid with international interconnection ambitions (Gulf interconnection).
• TEİAŞ (Turkish Electricity Transmission Corporation): TEİAŞ is Turkey's state-owned national transmission system operator, managing the country's high-voltage grid and international interconnections. It is comparable to NEPCO in structure (state-owned national TSO) and scale, with similar regulatory and cross-border energy trade functions.

Others

• European Bank for Reconstruction and Development (EBRD): EBRD is NEPCO's key financial partner under the April 2026 MoU for grid modernization, BESS, and green hydrogen. As a multilateral infrastructure financier heavily invested in Jordan's energy sector (€2.2B+ across 84 projects), EBRD is a relevant enabling partner shaping NEPCO's capex pipeline rather than a direct peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/National-Electric-Power-Company-NEPCO-Jordan-100067534481806
• LinkedInlinkedin.com/company/national-electric-power-company-nepco-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about National Electric Power Company