(MENAFN- Jordan News Agency) Jordan and Russia, on Tuesday, signed an intergovernmental agreement laying a legal foundation for the construction of Jordan's first nuclear power station.
The agreement was inked by Jordan Atomic Energy Commission (JAEC) Chairman Khaled Toukan on behalf of the Jordanian government and head of Russia's state-run corporation Rosatom, Sergei Kiriyenko, on behalf of the Russian government.
Toukan said the deal sets the legal and political framework to support the project and identify the general principles of cooperation between Jordan and Russian.
The Russian company will construct two nuclear power reactors with a total capacity of 2,000 megawatts (MW) and at a total cost of $10 billion. Jordan will own a controlling stake of 50.1 percent, whereas Russia will contribute 49.9 percent of the project's total cost.
The deal stresses the two countries' commitment to supporting the project and includes details on the plant's nuclear fuel and nuclear waste treatment. Under the agreement, Jordan will have the option to return spent nuclear fuel to Russia.
The station will be run under Jordanian laws during its 60-year operational life.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.