new city to ease
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Nuclear power is a risky option for Jordan.The rationale to invest in nuclear power in Jordan, as reiterated by the Jordan Atomic Energy Commission on many occasions, is primarily based on the need to achieve energy security and meet Jordan's increasing demand for electricity and water. The proposed bilateral cooperation between Jordan and Russia is based on the Build-Own-Operate model, which aims to facilitate the acquisition of nuclear power in newcomer countries like Jordan with no adequate infrastructure, financial and human resources.It is not yet clear how Jordan would finance its nuclear project. Given Jordan's slim GDP and the fact that the tax revenue component of GDP has dramatically declined since 2008, reflecting Jordan's government resistance to increase taxes, Jordan will likely seek loans from financial lenders.If Jordan were to bear such escalated costs, wholly or partly, Jordan's government could be forced to suspend the project due to insufficient funds and failure to secure further loans to support the project.Nuclear power in Jordan can also have operational risks.
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