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Jordan power supplier loses $1.2 billion due to Egypt pipeline sabotage Electricity firm says losses are likely to climb by year's end, as it switches to diesel production following repeated attacks on Sinai pipeline
Jordan's National Electric Power Co. has lost 820 million Jordanian dinars (US$1.2 billion) in the first 10 months of 2011 due to halts in natural-gas supplies from Egypt, according to a report in the country's Ad-Dostour newspaper. Egypt's Sinai pipeline, which transfers natural gas to Israel and Jordan, has been attacked by saboteurs seven times since the start of the year. The most recent incident took place last week. The Jordanian company's losses may climb to JOD1 billion by the end of 2011, claims the newspaper, as the electricity producer will be forced to generate its power with more expensive fuels such as diesel.