(MENAFN- Jordan News Agency) The Cabinet on Wednesday approved the formation of the board of directors of the Jordan Nuclear Power Company assigned with building the first nuclear power plant in Jordan with 2,000 Megawatts capacity that is projected to be operational in 2023.
In October 2013, Jordan contracted Russian corporation Rosatom to build the country's first two nuclear reactors at a cost of $10 billion.
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 percent of the plant.
Chairman of the Jordanian Atomic Energy Commission, Dr. Khaled Toukan told Petra, that the committee will meet every year to review the annual achievements in the nuclear program.
The Committee will work to determine global trends of nuclear energy, and evaluate the Jordanian steps in this regard. It will also provide advice on the Jordanian strategy for dealing with nuclear waste and financing mechanisms of the Jordanian nuclear power plant project, said Toukan.
The government also approved the formation of the Higher consultative committee for the Jordanian Nuclear program that will comprise 7 international members.
The committee will be headed by former prime minister Marouf Al Bakhit.
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