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Jordan commits to buying nuclear fuel from Russia for 10 years, in $10 Billion Deal on Nuclear Power Plant

Russian-BearJordan, Russia Sign $10 Billion Deal on Nuclear Power Plant, abc news AMMAN, Jordan — Mar 24, 2015, By SAM McNEIL Associated Press   Jordan signed a $10 billion deal with Russia on Tuesday to build the kingdom’s first nuclear power plant, with two 1,000-megawatt reactors in the country’s north.

The deal, signed in the Jordanian capital, Amman, with Russia’s state-owned Rosatom company caps efforts of the energy-poor kingdom to increase energy sufficiency and reduce imports……

Under the deal, Jordan must buy fuel from Rosatom for the reactors for 10 years, after which it may seek other suppliers. The Jordanian government will have a slight majority ownership, with Rosatom owning 49 pecent of the plant, according to the Jordan Times.

Earlier this year, Rosatom signed an agreement, the details of which are secret, to build two reactors in Hungary. And last month, during Russian President Vladimir Putin’s visit to Egypt, the two countries signed a memorandum of understanding to build Egypt’s first nuclear power plant at an existing nuclear site in Dabaa, on the Mediterranean coast where a research reactor has stood for years. http://abcnews.go.com/International/wireStory/jordan-russia-sign-10-billion-deal-nuclear-reactors-29874766

March 25, 2015 - Posted by | Jordan, politics international, Russia

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