CEGCO
- Company typePrivate
- Founded-
- HeadquartersAmman, Jordan
- Headcount101–250
- GTM typeB2B
- OfferingServices
CEGCO firmographics
Firmographics- 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
CEGCO industry classification
Industry- 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
Where CEGCO is headquartered
LocationHeadquarters
- HQ city
- Amman
- HQ country
- Jordan
- HQ region
- Middle East
Offices3 records
Markets served
CEGCO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D
Revenue model
- 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
CEGCO product offering
Product offeringCore 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
Companies that use CEGCO
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
CEGCO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CEGCO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ACWA Power InternationalcoreCEGCO 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
CEGCO competitors and assessment
Company assessmentBroad 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
CEGCO social profiles
Digital presenceCEGCO financial estimates
Financial estimateRevenue estimate
Valuation estimate
CEGCO leadership team
Management profileNumber of profiles
Profiles1 record
CEGCO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CEGCO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CEGCO
What does CEGCO do?
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.
Is CEGCO a public or private company?
CEGCO is a private company. It is classified as corporate owned and is currently operating.
When was CEGCO founded?
CEGCO was founded in -1. It employs 101 to 250 people.
Where is CEGCO based?
CEGCO is headquartered in Amman, Jordan, in the Middle East region.
How does CEGCO make money?
One revenue line is on record: electricity Generation and Sales.
Who are CEGCO's main competitors?
Broad incumbents on record are Engie, TAQA (Abu Dhabi National Energy Company), Saudi Electricity Company, Qatar Electricity & Water Company and AES Corporation. Direct peers are ACWA Power, Qatrana Electric Power Company and Samra Electric Power Generating Company. Regional players are DEWA (Dubai Electricity and Water Authority) and KAHRAMAA (Qatar General Electricity & Water Corporation).
Does CEGCO have an API?
No public API is recorded for CEGCO.
What industry is CEGCO in?
CEGCO's product category is Electric Power Generation. Its primary akta.pro industry code is EUACABAI, Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield), with a secondary code of EUAMAFAK, Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance). Its NAICS code is 221112 and its SIC code is 4911.