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    market news

    Russia Planning To Build Nuclear Reactors in Iran

    Vivien Diniz
    May. 22, 2014 08:37AM PST
    Energy Investing

    Reuters reported that Russia has plans to sign a contract with Iran later this year to build to more nuclear reactors at the Bushehr power plant as part of a broader deal for up to eight reactors.

    Reuters reported that Russia has plans to sign a contract with Iran later this year to build to more nuclear reactors at the Bushehr power plant as part of a broader deal for up to eight reactors.

    According to the report:

    It was not immediately clear how this might affect six global powers’ talks with Iran addressing disputed aspects of its nuclear programme. Iran has resisted demands for cuts in its uranium enrichment capacity, pointing to plans for a future network of nuclear power stations.

    Speaking to Reuters, a source close to the negotiations said:

    Russia and Iran may sign an intergovernmental agreement this year on building from four to eight nuclear reactors, and, under the deal, the contract for the construction of the first two reactors as additions to Bushehr,

    Click here to view the full report. 

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