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Wednesday, March 25, 2015

Jordan and Russia Sign Deal on Nuclear Power Plant

Jordan on Tuesday signed a $10 billion deal with Russia 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.

Jordan lacks any local energy sources and imports 96 percent of its electricity. The violence in neighboring Iraq and Egypt's Sinai Peninsula has threatened and in many cases, completely cut off supplies, noted AP. (Read More)