Jordan Plans To Go Nuclear With Russian Rosatom Jordan announced the construction of its first ever nuclear power plant in late March of this year, indicating that 49% of it will be funded by Rosatom, a nuclear firm owned by the Russian state.

By Kareem Chehayeb

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock

Jordan announced the construction of its first ever nuclear power plant in late March of this year, indicating that 49% of it will be funded by Rosatom, a nuclear firm owned by the Russian state. The power plant, worth US$10 billion, is expected to start operating by 2022, with another one planned to be operating a couple of years later. It appears likely that the reactors will be built in southern Jordan, after Belgian firm Tractebel Engineering declared the area appropriate back in 2010.

Sergey Kiriyenko, Chief Executive Officer, ROSATOM. Image credit: Shutterstock.

The announcement of Jordan and Russia's agreement made global headlines, and many were somewhat surprised. Looking at Jordan's involvement in various institutions in the international community, the nuclear plant doesn't actually sound so surprising. Jordan, which has its own commission for atomic energy (the Jordan Atomic Energy Commission), has signed memorandums of understanding with various states with nuclear power, including the U.S., U.K., China, Russia, South Korea, Japan, and France. They also established the Committee for Nuclear Strategy back in 2007 to tackle the future construction of nuclear reactors, and have brought in a five-megawatt research reactor via South Korean company Daewoo to the Jordan University of Science and Technology. Jordan has also ratified the Treaty on the Non-Proliferation of Nuclear Weapons by the International Atomic Energy Agency (IAEA). Of course, all this has been met with opposition by various environmentalist groups, who claim that Jordan can push for safer alternative energy sources, specifically solar or wind-powered energy.

With Jordan relying almost entirely on oil imports for energy, and with a rising population, it only makes sense to find an alternative energy source that is more cost efficient and more self-reliant. The country plans to handle 40% of its energy demand through its nuclear reactors. But here's something that we hope will be sorted out as soon as possible: despite nuclear energy being significantly cleaner than that of fossil fuels, what's Jordan going to do with all that nuclear waste?

Kareem Chehayeb

Former Columnist & Online Liaison, Entrepreneur Middle East

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

This CEO's Paint-Your-Own Pottery Business Has 130 Locations — But Anyone Can Use Her Tips for Creating a Customer-First Experience

Color Me Mine CEO Teresa Johnson shares her best tips for engaging with customers and building lasting relationships.

Business News

'Strapping a Rocket to Our Backs': What Is Wiz? Here's What to Know About Google's Largest Acquisition Ever.

Wiz will be folded into Google Cloud. It's the biggest deal of 2025 so far.

Business News

This Apple Offering Is Causing the Company to Lose Over $1 Billion a Year

Apple can afford the loss — the company's Services division brought in $26.3 billion overall for Apple for the three months ending in January.

Franchise

Don't Let These 5 Myths Keep You From Franchise Ownership

If you're interested in franchise ownership, it's important that you're making decisions about your entrepreneurial pursuits with clear information rather than myths or misconceptions. Check out these five common franchising myths.

Thought Leaders

The Power of Purpose-Driven Entrepreneurship — How Social Entrepreneurs Are Changing the World

Social entrepreneurs are the torchbearers of hope and progress, redefining the role of business in society.