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Russia signs deal to build $10 billion nuclear plant in Jordan

Staff writer |
Jordan has signed a $10 billion deal with Russia to build the first nuclear power plant in the kingdom.

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The deal was signed in the Jordanian capital, Amman with Russia's state-owned Rosatom company, which runs all of Russia's nuclear assets, including its nuclear weaponry.

The plant will have a total capacity of 2,000 megawatt and the construction of the first unit of the envisaged two-unit power plant at Amra in the north of the kingdom, is expected to be up and running by 2022.

Russia has agreed to meet 49% of the project's costs, and Jordan the remaining 51%. Analysts and news reports have interpreted this as a sign that Russia is keen to offer attractive deals in order to find new markets for its nuclear technology as western economic sanctions over Russia's involvement in the Ukraine crisis continue to bite.

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