Iran’s new nuke power plants to receive 1st budget installment

Business Materials 19 November 2016 14:51 (UTC +04:00)

Tehran, Iran, November 19

By Mehdi Sepahvand - Trend:

Two new power plants about to be built in Iran will receive a funding of $10 billion, according to Head of the Atomic Energy Organization of Iran Ali Akbar Salehi.

He said the first installment of the budget will be paid in two weeks, Tasnim news agency reported November 19.

Salehi was speaking on the sidelines of the brick-laying of three nuclear medical centers in Bushehr Province, southwestern Iran. The three medical centers include a nuclear emergency clinic and two nuclear hospitals.

The official said the power plants will be able to produce 200 thousand cubic meters of fresh water per day as well.

The new power plants are expected to be commenced by 2026. The construction will be carried out by Russia.

The two power plants would save 22 million barrels of crude oil (equivalent) in the power sector.

Russia has constructed Iran's first nuclear power plant, Bushehr, with 1,000 megawatts capacity and it is preparing for building new plants in the country.

Iran has plans to increase its nuclear power generation capacity to 2,000 megawatts by 2035.