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Russian financing, Russia selling nuclear power plant to Jordan

Russian-BearJordan seeking funds for first nuclear power plant — official, Jordan Times By Mohammad Ghazal – Aug 20,2016 –  AMMAN — Jordan’s first nuclear power plant could be operational by 2025, if sufficient financing is secured, the Jordan Atomic Energy Commission (JAEC) said on Thursday.

“Jordan is currently in talks with German, Czech, Chinese and Japanese companies among others to supply turbines and electrical systems for the power plant and things are going well,” said JAEC Chairman Khaled Toukan.

Thirty per cent of the $10 billion project will be financed equally by Jordan and Russia, who are partners in the project. JAEC is engaged in discussions with companies to secure the remaining 70 per cent to pay for turbines and electrical systems, Toukan said.

“If we secure finance by the end of 2017, we will be able to operate the first reactor by 2025,” he noted.

Under an agreement with Russia, Jordan plans to build a power plant with two nuclear reactors, each with a capacity of 1,000 megawatts.

Toukan was speaking at a press conference on Thursday to announce the results of a report on the programme by the International Advisory Group (IAG).

The IAG was formed in November 2015 to provide consultations on the strategy to deal with nuclear waste, and the best options and mechanisms to finance the plant.

The group includes former energy minister Khaled Shraideh and seven international industry experts. …….http://www.jordantimes.com/news/local/jordan-seeking-funds-first-nuclear-power-plant-%E2%80%94-official

August 21, 2016 - Posted by | Jordan, marketing, Russia

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