Russian nuclear firm Rosatom is working on a financial feasibility study for a proposed 2GW nuclear power plant in Jordan.

“The [financial] feasibility study will be finalised in 2017,” said Anton Moskvin, vice-president for marketing and business development at Rosatom, speaking at a press event in Abu Dhabi. “This study will let us decide whether we will invest.”

In March, Rosatom signed an intergovernmental agreement to supplement the project development agreement it signed with the Jordan Atomic Energy Commission (JAEC) in November 2014.

Rosatom had been selected as the preferred bidder in November 2013, after competing in a competitive tender for the estimated $10bn nuclear plant. The facility will located at Amra in northern Jordan.

According to Moskvin, there are two elements to the deal with the JAEC. The first is for the construction of the power plant and the second is for investment in the construction of the plant through an intergovernmental agreement.