The 4.4 million euro deal marks the QPI’s first investment in Greece.

Qatar Petroleum (QP), a state-owned corporation established in 1974, is responsible for all phases of the oil and gas industry in Qatar.

According to Gulf Times, Qatar’s Energy and Industry Minister Mohamed bin Saleh Al-Sada also attended the agreement’s signing ceremony yesterday in Doha.

“The power sector is growing steadily worldwide,” Mohammed Saleh Al Sada said at a press conference in Doha late yesterday.

“We have already built capacity internally here in Qatar, but we are interested in extending our investment elsewhere.”

The agreement was also signed, by Nasser Al Jaidah, CEO of QPI, and George Peristeris, CEO of GEK TERNA Group.

The energy-rich Gulf emirate in January announced during a visit by Samaras that it planned to invest up to a billion euros in a joint fund with Athens to bolster recession-hit Greek industry.

The Greek investment scheme is similar to a Qatari plan to invest in Italian companies, which was announced during a visit by Italy’s Prime Minister Mario Monti to Doha last November.

Samaras had originally intended to visit Qatar in November but delayed the trip because Athens was locked in talks to obtain aid from its international lenders.

TERNA was founded in 1972 and since then it has been actively involved in the implementation of a broad spectrum of public and private projects of considerable budget and complex know-how, such as the construction of Railway and Highway networks.

Today, TERNA is the construction company of GEK TERNA Group.

According to an international nuclear organisation, the rising construction costs will push the price tag of Jordan’s first nuclear reactor to approximately $10 billion it warned.

However, Khaled Toukan, commissioner of the Jordan Atomic Energy Commission, said the country’s nuclear programme will be unaffected by a parliamentary motion to halt the project, insisting the project’s activities fall in line with lawmakers’ demands, Jordan Times reported. Earlier in defending the controversial project Toukan put the cost of the reactor at about $5 billion.

Energy officials have highlighted the importance of the program which calls for the construction of up to four reactors over the next 20 years in order to reduce it dependency on imported energy which amounts to 96 percent pushing the national energy bill to a record 5.6 billion dollars, Arabiangazette reported. Jordan had signed several bilateral agreements over the years on nuclear cooperation with U.S, China, Japan, Canada, Russia, Ukraine, Romania, Spain, Argentina and the United Kingdom. The Kingdom has also recently announced plans for building a liquefied gas terminal in Aqaba to import natural gas from Qatar in light of a rising demand on power.

Jordan has seen several campaigns in recent months by environmentalists and activists to stop building the nuclear plant on the grounds that the project requires large amounts of water as it constitutes the third poorest country in water and involved environmental risks.