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Russia agrees to build at least two more nuclear plants in Iran
World | business | 16:33, 12 March 2014 | 613

AKIPRESS.COM - busher.iranian.nuclear.reactor Russia has signed a preliminary agreement to build at least two more nuclear power plants in the Iranian port city of Bushehr, Business&Tech reported on Wednesday.

The agreement was reached during a visit to Tehran on Tuesday by a senior official of Russia’s state atomic energy agency Rosatom.

The two new 1,000-megawatt plants will be built alongside the existing power station in Bushehr, which was also built by Russia.

Further talks will be held on technical and financial aspects of the project but a final agreement is expected to be signed in the near future.

Iran, which still faces tight Western sanctions on its oil and banking sectors despite a landmark agreement reached with major powers in November on its controversial nuclear program, is expected to fund the project on a barter basis.

Iran’s ambassador to Russia, Mehdi Sanaei, said last month that the close trading partners have been negotiating Iran’s delivery of hundreds of thousands of barrels of oil per day in return for Russian goods and services, including the planned new nuclear plants.

Russian officials have neither confirmed nor denied the discussions, while stressing that they would not break UN sanctions.

Iran and the powers are still in talks on a long-term agreement to allay Western concerns about its nuclear ambitions.

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