Russia's Rosatom to Clinch $10 Billion Nuclear Power Deal with Jordan

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--A nuclear power project that has been simmering between Jordan and Russia for at least five years is to be confirmed before the end of this month with the signing of an agreement.

Rosatom (Moscow), Russia's state-owned nuclear company, plans to build two power reactors, which have a combined investment value of about $10 billion, and an overall generation capacity of 2,000 megawatts (MW).

Khaled Toukan, chairman of the Jordan Atomic Energy Commission (Amman), said the Russian deal was favored because it covered the supply of nuclear fuel for the first 10 years of operation, and the spent fuel could be sent back to Russia. After the 10-year period has lapsed, Jordan would have the right to choose another supplier.

Rosatom would own 49% of the project's construction and operating costs, with 51% owned by the Jordanian government. Jordan is in talks with a number of interested regional and international investors for project.

In 2010, the $3.1 billion, 1,000-MW Al Mafraq nuclear project was anticipated for completion in mid-2022. Under the new project, one unit is scheduled to be operational by 2024 and the second unit in 2026.

For related information, see December 30, 2014, article - Russia to Proceed with Jordan's 2,000 Megawatt Nuclear Power Project, and March 17, 2015, article - Nuclear Regulatory Commission Signals Positive for South Korea's New Reactor Entry into U.S., Foreign Markets.

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