Jordan Approves Plans For 1st Nuclear Reactor

Law360, New York (August 22, 2013, 6:19 PM EDT) -- The Jordan Atomic Energy Commission approved the construction of a 5-megawatt nuclear reactor near the Jordan University for Sciences and Technology, the commission's chief announced Tuesday.

The Korean Atomic Energy Research Institute and South Korean firm Daewoo Engineering and Construction Co. will build the reactor, which will cost $130 million, according to Daewoo's website. South Korea has loaned $70 million for the project, which is expected to complete in 2016, JAEC told the media. The loan will be repaid in 30 years, at 0.2 percent interest, according...
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