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Wednesday, January 20, 2010     GET REAL

South Korean firm lands 2nd Mideast reactor deal in two months

AMMAN — Jordan has reached an agreement to acquire its first nuclear research reactor.   

Jordan has signed a contract with a South Korean consortium to assemble a nuclear research reactor in the Hashemite kingdom. The consortium, led by Korea Electric Power Corp., said the contract was valued at $178 million and would be completed by 2014, Middle East Newsline reported.

This marked Korea Electric's second nuclear reactor award in the Middle East in as many months. In December 2009, the Seoul-based company won a nuclear energy project in the United Arab Emirates valued at more than $20 billion.

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"This is an important step toward a nuclear energy project," an official said.

Officials said the contract called on Korea Electric to construct a five megawatt reactor. They said the reactor would be employed for research as a first stage toward a nuclear energy project.

In 2009, Korea Electric bested two consortiums for the Jordanian project. They were comprised of a team of General Electric and Hitachi and a consortium led by France's Areva.

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