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Russian Firm Wins Jordanian Nuclear Contract

Russia's state nuclear company, Rosatom, has won a tender to construct Jordan's first nuclear power plant.

Rosatom's press service said on November 1 that the Russian company won the contract to build two reactors for the plant, which will be located in the country's northeast.

The project is worth an estimated $10 billion.

Rosatom will have a 49 percent stake in the project; Jordan will have the other 51 percent.

Rosatom's bid beat out a proposal from a rival French-Japanese consortium comprised of Areva and Mitsubishi Heavy Industries.

Jordanian officials are hopeful the plant will supply some 12 percent of the country's energy needs by 2020.

Based on reporting by Interfax and RIA Novosti