First Nuclear Power Plant Planned In Jordan

jones_supa writes Jordan has signed an agreement with Russia's state-owned nuclear power giant Rosatom, that sets the legal basis for building the kingdom's first nuclear power plant with a total capacity of 2,000 MW. The agreement is worth $10 billion and it envisages the construction of a two-unit power plant at Amra in the north of the kingdom by 2022. The deal provides for a feasibility study, site evaluation process and an environmental impact assessment. Currently Jordan imports nearly 98% of its energy from oil products and crude and is struggling to meet electricity demand, which is growing by more than 7% annually due to a rising population and industrial expansion. The kingdom hopes that eventually nuclear power could provide almost 40% of its total electricity generating capacity.

Comments

Re:Economics

[Firethorn]

If you run it for 60 years, all you do is charge something like 1/10th of a center per kwh for 'decommissioning costs'.
2GW should produce about 15.8B kWh a year. Even excluding interest, that's $15.8M/year, $946M over 60.

If you figure that it earns 5%, that's $3.7B in 60 years, or $185M they can spend each year indefinitely doing whatever it takes to decommission it.