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Jordan and Russia in nuclear plant construction deal

Jordan is set to sign a multi-billion dollar deal with Russia for the construction of the Kingdom’s first nuclear power plant.

According to a statement by Khaled Toukan, head of the Jordan Atomic Energy Commission, the agreement will be signed in Moscow in September. à‚ 

Russia’s state-owned nuclear company Rosatom is to build the plant after conducting environmental impact studies, as well as studies to determine the project’s potential impact on infrastructure, roads and Jordan’s grid.

The studies, which are expected to take two years to complete, will also investigate costs and financing for the project and the power it will produce, as well as methods of cooling the reactor. The cost of the studies, to be paid for by Jordan, is estimated at around $65m.

Under the terms of the agreement, Rosatom is to finance 49 per cent of the project’s $10bn construction and operation costs, while Jordan will take on 51 per cent and keep a majority stake in the plant.

The Kingdom aims to build two 1 GW nuclear reactors before 2022. à‚