French Areva, Austrian ENCONET sign nuclear development agreement with Iran

By bne IntelliNews April 5, 2017

France’s Areva energy firm and Austria’s ENCONET Consulting Company have signed an agreement to assist Iran in developing safety procedures at its current and future nuclear power station sites, Iran Student News Agency reported on April 5.

Iran’s nuclear industries, although politically contentious, have been growing in recent years in tandem with the country’s increasing demand for electricity. Nuclear power stations are seen by the Tehran government as a long-term solution to countering power shortages.

The civil nuclear power sector deal between the Austrian and French firms and the Atomic Energy Agency of Iran does not contravene the 2015 nuclear agreement between Iran and the major powers.

It is initially to support the development of Iran’s Bushehr nuclear plant, according to the Iranian report.

Director of the Atomic Energy Organisation of Iran (AEOI) Nasser Rastkah said “the intended cost for implementation of the contract is about €5mn which will be provided by the European Union”.

Bushehr nuclear plant is undergoing a vast transition as Russia is to build two new reactors at the southern Persian Gulf site.

According to the official costing, each reactor will require IRR150tn ($4.5bn). They will be built in turn. Each has a combined production capacity of 1,057 megawatts (MW), giving them a combined output of 2,100 MW.

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