Jordan has signed a $10 billion deal with Russia on Tuesday to build the kingdom’s first nuclear power plant, with two 1,000-megawatt reactors in the country’s north, Reuters reports. The energy-poor kingdom imports nearly 98 percent of its energy from oil products and crude and is struggling to meet electricity demand as its population rises and its industry … Continue reading
South Africa’s deepening power crisis, the worst crisis since 2008, triggers nearly daily outages across the nation which has impacted key industries in addition to households, has taken a toll on its economy. In 2014, South Africa’s economic growth came it at a paltry 1.5%, which is the lowest rate of growth in five years, the Financial Times (FT) reports. Although … Continue reading