Russia, Iran finish negotiation on n-plant

Image
IANS Moscow
Last Updated : Jun 25 2014 | 10:31 PM IST

Moscow and Tehran have finished negotiation on building new sections of Iranian nuclear power plants, Russian state nuclear power corporation Rosatom said Wednesday.

"In general, coordinative paperwork is completed on building more Russia-designed sections of Iran's southern Bushehr nuclear power plant," Xinhua quoted Rosatom as saying in a statement.

The two countries struck the deal during the recent visit of the Rosatom's deputy chief Nikolai Spassky to Teheran.

Earlier this week, Rosatom's CEO Sergei Kiriyenko said a contract will be signed till the year-end on the construction of two units at the Bushehr nuclear power plant.

Iran's first nuclear power plant near the city of Bushehr was first constructed in 1975 by several German companies. However, the work was halted when the US imposed an embargo on hi-tech supplies to Iran after the 1979 revolution.

Russia signed a contract with Iran to complete the construction in 1998, while the remaining construction was postponed several times due to mounting technical and financial challenges and pressure from Washington.

Russia has pledged to safeguard the site, and prevent spent nuclear fuel from being reprocessed into weapons-grade materials.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 25 2014 | 10:26 PM IST

Next Story