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Iran, Russia Set to Finalize Nuclear Energy Deals

Iran, Russia Set to Finalize  Nuclear Energy Deals Iran, Russia Set to Finalize  Nuclear Energy Deals

Iran and Russia have held a new round of talks on expansion of cooperation in nuclear energy projects, RIA Novosti reported.    

In their Tuesday night meeting in Moscow, Deputy Director General of Rosatom State Atomic Energy Corporation Nikolai Spassky, Vice President of the Atomic Energy Organization of Iran Behrouz Kamalvandi and Iranian Ambassador to Moscow Mehdi Sanaei discussed ways of expanding cooperation in nuclear energy.

The two sides talked about realization of the documents signed in Moscow on November 11, 2014. The negotiations are expected to continue in the coming days.

After talks with Spassky, Kamalvandi and Sanaei met with Rosatom Director General Sergey Kiriyenko. Iran and Russia recently signed an agreement on the provision of services to the Bushehr nuclear power plant.

Rosenergoatom, a Rosatom subsidiary, last week signed a five-year cooperation agreement with Iran. The two sides have agreed that Rosatom participates in construction of new power plants to be built in Bushehr. The 1,000 MW Bushehr plant officially began operations in September 2011, generating electricity at 40 percent capacity. The commercial production of the plant is expected to start later in 2015.

The AEOI and Rosatom signed an agreement in 2014, according to which Russia is to construct eight units with pressurized water reactors “turn-key ready” in Iran. Four of them will be built at the Bushehr nuclear power plant. Besides, nuclear fuel for the future reactors will be provided by Russia during the whole life cycle of the new reactors, and spent fuel will be returned for processing and storage.

Kamalvandi's trip to Moscow is aimed at finalizing the agreement on construction of the power plants between the Nuclear Power Plants Production & Development Company on behalf of the government of Iran, and Rosatom.

 

Financialtribune.com