Tuesday, March 13, 2012

Jordan, SKorea sign $130 million nuclear deal

Jordan says it has signed a $130 million agreement with a South Korean consortium to build the kingdom's first nuclear research reactor.

The consortium, led by state-run Korean Atomic Energy Research Institute and Daewoo Engineering and Construction Co., will build a 5-megawatt reactor, a radioactive isotope manufacturing facility and a nuclear training center.

The official Petra news agency said Tuesday the reactor will be fully commissioned within five years and a nuclear power plant will be built by 2017. Construction is to start later this year near the northern city of Irbid.

Resource-barren Jordan is developing a peaceful nuclear program with U.S. support. It says alternative energy sources are needed to generate electricity and desalinate water.

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