📺 Stream EntrepreneurTV for Free 📺

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

Living

3 Steps to Prime Your Brain for a Growth Mindset

Take these three steps to cultivate a growth mindset and enhance your happiness and success.

Leadership

7 Tasks Every Leader Must Master

Leading and managing people is a learned skill. In order to create a high-performing organization, leaders must grasp these crucial tasks.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

What I Learned From Spending $5.9 Million on Marketing Last Year

Road-tested tips to 6X your revenue per lead, double your social media leads and increase sales conversations. I know because I lived it!

Business News

Jack Dorsey Explains Bluesky Exit: 'Literally Repeating All the Mistakes We Made' at Twitter

Dorsey left the Bluesky board and deleted his account earlier this week.

Making a Change

You Have to Lead Yourself Before You Can Lead Others — How to Master the Art of Self-Leadership

As entrepreneurs, we can get lost in the demands of the business and need to remember to take care of ourselves. However, self-care is crucial in self-leadership. When business leaders don't practice self-care, they become overwhelmed and burnt out, which means a decrease in productivity, creativity, and overall happiness.