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Russia and Jordan sign agreement on nuclear plant construction

March 24, 2015, 19:46 UTC+3
Overall investments in the construction of a nuclear plant in Jordan are estimated at $10 billion
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Flag of Jordan


AMMAN, March 24. /TASS/. Jordan and Russia on Tuesday signed an intergovernmental agreement on cooperation in the construction of a nuclear power plant in Jordan.

According to a TASS correspondent, the document was signed by chief of Russia’s state-run corporation Rosatom Sergey Kiriyenko and Jordan Atomic Energy Commission Chariman Khaled Toukan.

"I would like to stress that Rosatom and the entire Russian nuclear sector take Jordan’s invitation to build its first nuclear plant as big trust," Kiriyenko said. He pledged that the Russian side would use "its entire experience to build the most state-of-the-art and safest nuclear plant."

Apart from that, according to Kiriyenko, Rosatom undertook to attract joint financing for the project.

Russia’s Rosatom won a tender for the construction of a nuclear plant in Jordan in November 2013, having outstripped the Japanese-French consortium Mitsubishi Heavy Industries - Areva.

In late September, the two countries signed a pre-investment agreement on the project. Overall investments in the construction of a nuclear plant in Jordan are estimated at $10 billion.

The sides are now looking at setting up a joint venture to implement this project. Jordan is supposed to hold a 51% stake, and Rosatom (or its subsidiary) - a 49% stake. Rosatom is using such financing scheme in the Finnish project Hanhikivi-1 NPP, where it holds 34% of shares.

The would-be nuclear plant will satisfy Jordan’s entire electricity demand and give a possibility to export electricity to other countries - Syria and Iraq. The nuclear plant will have two power units with a capacity of 1,000 megawatt each. The first unit is to be commissioned in 2024, and the second one - in 2026.

This project is seen as the biggest one in the entire history of Russia-Jordan relations.

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