The new nuclear plant would be located near Qusayr Amra northeast of Amman. The area is close to a wastewater treatment plant that would serve as the water source for the reactors. The project would be developed on a build-own-operate basis.
According to this agreement, Russia's Rosatom will provide 49.9% of the project capital, with the remainder raised from public and private sources in Jordan. The total project investment is estimated at about US$10 billion.
In addition Jordan and Rosatom will sign next September an agreement to start conducting studies on the nuclear power station. The studies will involve an environmental impact assessment, study on financing for the project, the cost of developing the reactor and the cost of electricity it generates.
The cost of the study is estimated at about US$65 million. It will be financed by the Kingdom of Jordan and it is expected to be finished in two years.
Jordan plans to build two nuclear reactors by 2022 with each reactor providing 1,000 MW of power.