The agreement will be signed as part of the contract awarded to Russian state-owned Rosatom in October 2013 to build two nuclear reactors.
The two reactors will require an investment of around $10bn, and have a total capacity of 2,000MW, The Jordan Times reported.
Rosatom will supply nuclear fuel for the reactors for the first 10 years, after which Jordan will have an option to buy from other suppliers.
The Russian company will also own 49% of the plant’s construction and operation costs while the remaining 51% will be held by Jordanian Government.
Jordan will have an option to return nuclear fuel waste to Russia, as part of the agreed terms.
Jordan Atomic Energy Commission chairman Khaled Toukan said that Jordan is currently in talks with several interested regional and international investors for financing of the project.
Earlier this year, Rosatom has signed an agreement with Hungary to expand the Paks nuclear power plant. Similar deals have also been signed with Finland, Egypt, and India.
