Iran and Russia sign $25bn nuclear plant deal
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Iran and Russia sign $25bn nuclear plant deal
"Rosatom has agreed to build new reactors with total capacity of 5GW in the southern Hormozgan province. Tehran and Moscow have signed a $25bn deal to build four nuclear power reactors in southern Iran, according to Iranian state media. Friday's announcement comes as the United Nations Security Council is expected to vote on a China- and Russia-backed resolution seeking delay, for at least six months, in the reimposition of international sanctions against Iran under the so-called snapback mechanism over its nuclear programme."
"IRNA said the Generation III power reactors would generate 5GW of electricity. Russia's state nuclear agency Rosatom had announced that it had signed a memorandum of understanding on Wednesday in Moscow on the construction of small nuclear power plants in Iran, but gave no number. Iran, which suffers power shortages at times of high demand, currently has one operating nuclear power plant, in the southern city of Bushehr. Also built by Russia, it has a capacity of 1 GW."
Rosatom will build four Generation III nuclear reactors totaling 5GW on a 500-hectare site in Sirik, Hormozgan province, under a $25bn Tehran–Moscow deal. The project sits across the Gulf from the United Arab Emirates and Oman. Russia signed a memorandum on small plant construction earlier, while Iran currently operates one 1GW plant at Bushehr, also built by Russia. Iran faces power shortages during high demand. A UN Security Council vote on a China- and Russia-backed resolution seeks at least a six-month delay in snapback reimposition of UN sanctions. Russia opposes renewed punitive sanctions and supports diplomacy.
Read at www.aljazeera.com
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