The second stage of Jordan’s first nuclear power plant (NPP) is on track, with the final cost of the project to be announced in spring 2017, said an official for the project.
Jordan signed a $10bn deal with Russia earlier this year to build the kingdom's first nuclear power plant, with two 1,000-megawatt reactors in the country's north.
The Head of the Russian State Atomic Energy Corporation Rosatom Sergey Kirienko gave an update on the project, which commenced in March, reported The Saudi Gazette.
“Accordingly by spring 2017 the feasibility study and a project implementation plan will be finally understandable, after that the government of Jordan will make an appropriate decision, and in accordance with this decision, the cost, the final terms and conditions of the investors' attraction will be fixed,” Kirienko said.
Jordan is building two nuclear reactors, with the cost for one estimated at around $5 billion. The details for the project are still unclear however, with Kirienko expressing the challenges that the government will face in its development.
The Kingdom faces the issues of water shortages and limited electricity supply, which will need to be addressed in the coming months to provide smooth and timely completion and maintenance of the project.
According to the state's Petra news agency, Jordan plans to finish construction of the plant by 2022. There are hopes it will be fuelled with uranium mined in the Kingdom.
The head of Rosatom said that the final cost will be known in spring 2017 after the preparation of construction documents will be finalised.
"I can't say any data on the numbers and timing about Jordan's project until the end of the investment phase," said Kirienko. He emphasized that Russia attaches great importance to its cooperation with Jordan in nuclear industry.