FINANCIAL NEWS

Jordan, Russia sign USD10b nuclear power plant contract

25 Mar 2015

(MENAFN) The Jordanian government signed a USD10 billion contract with Russia for setting the legal basis for the construction of Jordan’s first nuclear power plant with a total capacity of 2,000 megawatt, Reuters reported.

Due to the struggle with the growing population and the rising demands for electricity, the Jordanian government has been importing 98 percent of its energy from oil products and crude.

The deal was signed between Jordan and Russia’s state-owned nuclear company Rosatom. Under the contract, two-unit power plant at Amra in the north of the kingdom is set for construction by 2022.

“The Russian technology we chose in a very competitive process suits Jordan’s needs in terms of power generation and the ability to produce electricity at very competitive prices,” the chairman of the Jordan Atomic Energy Commission (JAEC) said.

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