Saturday, September 30, 2023

Iran to Spend $10bln to Build Two Nuclear Plants in Bushehr: AEOI Chief

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said 10 billion dollars will be spent for the construction of two nuclear plants in the southern port city of Bushehr.

Speaking in a ceremony in Bushehr on Saturday, Salehi highlighted the importance of an ongoing project to build two new nuclear plants in the city, saying their construction has begun with $10 billion in funding.

He said the first installment of the funding for the project is planned to be paid with the approval of the Central Bank of Iran (CBI) within the next two weeks.

The Iranian official also highlighted the country’s progress in vaous areas, saying that with the removal of anti-Tehran sanctions and the improvement of international conditions for the country, a bright future awaits the Islamic Republic.

Iran’s only nuclear power plant in Bushehr, which produces 1,000 megawatts of electricity, became officially operational and was connected to Iran’s national grid in September 2011.

The Russian-Iranian agreement on the civil use of nuclear energy, followed by a deal to construct Iran’s first nuclear power plant, dates from 1992.

In 2014, Iran and Russia agreed on construction two new nuclear reactors on the Bushehr site.

In November 2014, Tehran and Moscow also struck a deal to build eight more nuclear power plants in Iran.

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