CEGCO

Name

CEGCO

Legal name

Central Electricity Generating Company

Website

https://cegco.com.jo

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Electric Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

akta.pro secondary industry

Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK)

Keywords

• Thermal power generation
• Power plant operations
• Electricity generation
• Power plant maintenance
• Combined cycle power

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sales: CEGCO generates electric power and sells electricity, primarily to NEPCO (National Electric Power Company). The company operates power plants and provides operation and maintenance services under contracts with ACWA Power International.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

CEGCO operates two central power plants — the Aqaba Thermal Power Station and the Risha Power Station — with a combined installed capacity of 454 megawatts, generating electricity using heavy fuel oil (HFO), light fuel oil (LFO), and natural gas (NG) across thermal, combined cycle, and wind technologies. The company sells electricity primarily to NEPCO (National Electric Power Company) under long-term power purchase agreements and provides operation and maintenance (O&M) services to ACWA Power's plants in Jordan. Supporting in-house capabilities include spare parts fabrication, chemical laboratory analysis, and emissions/water quality monitoring.

Product overview

CEGCO operates as a power generation company offering two core services: operating power plants (including Aqaba Thermal Power Station and Risha Power Station with combined capacity of 454 MW) and providing comprehensive maintenance services for these facilities. The company relies on in-house expertise across thermal, combined cycle, and wind technologies, performing all operation and maintenance activities with its own qualified staff. Supporting services include spare parts manufacturing through central workshops, chemical laboratory analysis for water and fuel quality, and emissions monitoring to ensure compliance with Jordanian standards. CEGCO also provides O&M services to ACWA Power facilities under contract agreements.

Differentiator

Problem solved

Functional benefit

Products and services

• Aqaba Thermal Power Station Thermal power station located approximately 22 kilometers south of Aqaba city, 1 km from the Red Sea, in the industrial area of Aqaba, contributing to CEGCO's total installed capacity of 454 MW. It uses heavy fuel oil (HFO), light fuel oil (LFO), and natural gas (NG) and contains multiple steam generation units.
• Risha Power Station Gas turbine power station located in northeast Jordan (Risha), forming the second of CEGCO's two central power plants and contributing to the company's 454 MW total installed capacity.
• Power Plant Operation Services Operation of CEGCO's power plants at the highest availability, including real-time monitoring and control of generation assets, performed by the company's own qualified staff.
• Power Plant Maintenance Services Comprehensive maintenance activities for power generation equipment, including corrective, preventive, and proactive maintenance, performed by CEGCO's in-house staff using local expertise.
• Third-Party Operation and Maintenance Services for ACWA Power Plants O&M agreements with ACWA Power International covering the Zarqa Combined Cycle Power Plant (485 MW, 25-year contract), two Solar PV plants in Mafraq and Risha (50 MW each, 20-year contracts), and the King Talal Dam (3.5 MW, annual contract).
• Spare Parts Manufacturing and Repair Self-reliance in manufacturing and repairing spare parts through CEGCO's central workshops and electronic workshop in Aqaba, supporting power plant maintenance.
• Chemical Laboratory Services In-house chemical laboratory services performing analysis of water, flue gases, oil, and fuel to support power plant operations and compliance.
• Water Quality and Emissions Monitoring Comprehensive quality control system monitoring water quality and emissions to keep plant output within Jordanian standards.

Quantifiable outcome

• 99.80% availability factor across all plants in 2022
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• ACWA Power InternationalcoreStrategic or Co-development PartnerCEGCO has signed Operation and Maintenance agreements with ACWA Power International for Zarqa Combined Cycle Power Plant (485 MW), two Solar PV plants in Mafraq and Risha (50 MW each), and annual contract for King Tala Dam (3.5 MW).

Scale indicators6 records

Recent moves5 records

Expansion highlights2 records

Broad incumbents

• Engie: French global utility with thermal and renewable generation assets in MENA, including combined-cycle and IPP operations. Comparable as a multinational operator of utility-scale thermal assets under long-term PPAs.
• TAQA (Abu Dhabi National Energy Company): UAE-headquartered integrated utility and IPP with generation, transmission, and distribution assets across MENA and internationally. Operates thermal and renewable capacity under regulated and PPA frameworks comparable to CEGCO.
• Saudi Electricity Company: Saudi Arabia's national electricity utility, generating and distributing power across the Kingdom. A large regional incumbent with combined-cycle thermal and renewable assets operating under a similar utility/IPP framework.
• Qatar Electricity & Water Company: Qatar's principal power and water utility with significant thermal generation capacity (combined cycle and gas turbines). Comparable regional utility/IPP with a similar fuel-mix profile and government-offtake structure.
• AES Corporation: Global IPP with a long-standing presence in Jordan (formerly AES Levant/AES Jordan) and broader MENA portfolio. Operates thermal and renewable generation under long-term PPAs with government offtakers, mirroring CEGCO's model.

Direct peers

• ACWA Power: Saudi Arabia-based global IPP and parent of CEGCO. ACWA Power develops, owns, and operates power generation and desalination assets across MENA, with a similar thermal-plus-renewables portfolio and PPA-driven business model.
• Qatrana Electric Power Company: Operates the Qatrana Thermal Power Plant in Jordan as an IPP selling to NEPCO. Direct domestic peer with the same off-taker, fuel mix (HFO/NG), and PPA-driven revenue model.
• Samra Electric Power Generating Company: Operates the Samra Combined Cycle Power Plant in Jordan under an IPP structure selling to NEPCO. Direct domestic peer with same off-taker, similar technology base, and comparable scale.

Regional players

• DEWA (Dubai Electricity and Water Authority): Government-owned utility operating integrated power generation (including combined cycle and solar) and water in Dubai. Comparable in business model and technology mix, but focused on the UAE rather than Jordan.
• KAHRAMAA (Qatar General Electricity & Water Corporation): Qatar's national electricity and water transmission/distribution authority with major generation procurement. Functionally analogous as a single-buyer off-taker for IPPs, similar to NEPCO's role for CEGCO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cegco

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CEGCO