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Rosatom plans to sign agreement on construction of nuclear plant in Jordan

June 26, 2014, 18:27 UTC+3 OBNINSK
Investments to the construction of a nuclear plant in Jordan are estimated at $10 billion
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Flag of Jordan

Flag of Jordan

© EPA/ETTORE FERRARI

OBNINSK, June 26. /ITAR-TASS/. Russia’s state nuclear corporation Rosatom said on Thursday it planned to sign by the end of this summer an agreement on the construction of a nuclear plant in Jordan.

Rosatom won a tender on the construction of a nuclear plant in Jordan in October 2013. It will be the biggest project in the entire history of bilateral relations.

“Jordan is implementing the distributed contracting scheme,” Dzhomart Aliyev, the director general of Rusatom Oversees, said on Thursday at a conference Nuclear Plants: Yesterday, Today, Tomorrow. “They discuss and sign two documents at the same time. One of these documents is an intergovernmental agreement that legalizes relations and provides a basis for information supply. And the second document is a project development agreement.”

The agreement provides for a number of measures before taking investment decisions, including drafting an EPC-contract and a project concept, prospecting works at the site and looking at possible exports of electricity.

Both documents, according to Aliyev, are nearly ready. “If everything goes on as scheduled and there are no serious external factors, I think we will sign both documents by the end of the summer,” he said.

Investments to the construction of a nuclear plant in Jordan are estimated at $10 billion. The plant will satisfy Jordan’s entire demand in electricity. Moreover, it will make it possible to export electricity to other countries. “There are good prospects for exporting electricity to neighbouring countries,” Aliyev noted. “We will work on the financing scheme, attract poltential clients.”

Before the intergovernmental agreement is signed, the sides plan to agree a site for the would-be nuclear plant. Originally, it was planned to build a nuclear plant 25 kilometres away from Aqaba, near the Red Sea coast. Another possible location was Jordan’s northern areas. Now, Jordan’s deserts are looked at a possible location due to lower threats of earthquakes.

According to local media, a joint venture, with the Jordanian side holding 51% of shares, and Rosatom (or its subsidiary) having 49%, will be set up to realize this project.

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