29 Mar 2024
Monday 12 September 2016 - 12:53
Story Code : 230963

Iran to send Russia first advance payment for Bushehr-2 NPP by year-End

Iran will send the first advance payment to Russia to finance the ongoing construction of the Bushehr-2 nuclear power plant by the end of the year, a site official with the Russian manufacturing corporation said Monday.

BUSHEHR (Iran), (Sputnik) Russian and Iranian nuclear officials signed a construction protocol ata Saturday ground-breaking ceremony marking the start ofwork onthe Bushehr-2 inthe southwestern Iranian province. "This protocol specifies the terms ofthe start ofwork, taking intoaccount the advance payments that Iran must make. The advance payment will be made bythe end ofthe year, it will be paid inseveral tranches," Suren Ambartsumyan, a site leader withRussias Atomstroyexport foreign trade engineering firm, told reporters. The Bushehr 2 project was rolled outby Russian nuclear experts inTehran in2014. Moscow and Tehran signed a deal tobuild the second and third reactors atthe site inNovember that year, withan option ofbuilding six more inthe future.

The Bushehr NPP will include two power units witha Water-Water Energetic Reactor, VVER-1000, the initial version ofwhich was developed inRussia inthe 1960s. Currently, this type ofreactor is the most widespread inits series with34 such operating reactors worldwide.

The cost ofthe Bushehr 2 project is estimated at $10 billion. Its implementation is planned totake 10 years.

By Sputnik
https://theiranproject.com/vdccexqi12bq1o8.-ya2.html
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