Jordan And Rosatom Expected To Sign $10 Billion Nuclear Deal

Media in Jordan have reported that the country's government will soon sign a deal with Russia's state-owned nuclear power giant Rosatom that stresses the commitment to build two nuclear reactors at a cost of $10 billion.

Jordan's Atomic Energy Commission Chairman Khaled Toukan revealed that the deal for the reactors with total capacity of 2,000 megawatts will be signed by the end of March, Albawaba reported. He also said it would be sent to Jordan's Lower House for approval after it is signed.

Reports say part of the appeal for signing with Rosatom includes a 10-year contract for fuel, which Rosatom will supply, and a 10-year commitment for Russia to retrieve spent fuel and bring it back to Russia. After 10 years, Jordan will have the option of choosing another fuel supplier for the reactors which will have an expected operating life of 60 years.

Jordan will finance and control 51 percent of the power plants, while Rosatom will control 49 percent. In discussing the deal, Toukan said Jordan was seeking investors to help finance Jordan's share of the project.

Currently, Jordan imports 97 percent of its energy needs at a cost of 20 percent of its gross domestic product.

Jordan and Russia signed the original deal for a nuclear power build in October 2013. The reactors then were expected to be completed by 2022.

The deal helps establish the Middle East as a new market for nuclear power. The United Arab Emirates has plans to build four reactors with a total capacity of 5,600 megawatts. Egypt has said it would revive its efforts to establish nuclear power. And Saudi Arabia has signed an agreement to bring nuclear power to Saudi Arabia with Korean-designed SMART reactors that will be used for electricity production and desalinating seawater.

South Korea's system-integrated modular advanced reactor, commonly referred to as the SMART system, is a 330 MWt pressurized water reactor with integral steam generators.

Anonymous comments will be moderated. Join for free and post now!