Iran to build 2 nuclear plants

Iran to build 2 nuclear plants

Each plant would cost up to US$ 1.7bn and take up to 11 years to construct, he told reporters during a news conference at his office.

The country has been locked in a bitter funding dispute with Russia, which is building Iran's first nuclear power plant near the southern city of Bushehr.

Russia delayed the launch of the plant, which had been set for September, and refused to ship uranium fuel for the reactor last month as earlier planned, citing Iran's payment arrears. Iranian officials denied any payment delays under the US$ 1bncontract, and accused Russia of caving in to Western pressure.

Iran is already building a 40-megawatt heavy water reactor in Arak, central Iran, based on domestic technology. It is also preparing to build a 360-megawatt nuclear power plant in Darkhovin, in southwestern Iran.

Fayyazbakhsh said the two new plants would be built near Bushehr. He also said he planned to travel to Russia next week to try to ease tensions and get the first Bushehr plant back on track.

The bids for the two plants, which will expire in early August, have been published on the nuclear organization's Web site. Iran has already negotiated with several foreign companies that have expressed interest in the new project, Fayyazbakhsh said. He declined to name the companies.

Under Iranian law, the nuclear organization has been tasked with providing 20,000 megawatts of electricity through nuclear power plants during the next 20 years.

The U.S. and some of its allies accuse Iran of secretly developing nuclear weapons — a charge Iran denies.

Iran has insisted it has a right to develop enrichment and has pushed ahead with the process at a separate facility outside the central town of Natanz.

The U.N. Security Council last month voted to impose new sanctions on Iran as part of a second set of penalties in three months against Tehran over its refusal to suspend uranium enrichment.

The enrichment process can produce fuel for nuclear reactors or — if taken to a higher degree — the material for atomic bombs.

Iran said Monday it has begun operating 3,000 centrifuges at its Natanz facility_ nearly 10 times the previously known number — in defiance of the U.N. demands. The U.S., Britain, France and others criticized the announcement.

But the head of the U.N. nuclear watchdog, Mohamed ElBaradei, on Thursday discounted Tehran's claims, saying only several hundred centrifuges were operating at Natanz.

The U.N. latest sanctions included the banning of Iranian arms exports and freezing of assets of 28 people and organizations involved in Iran's nuclear missile programs.

Iran has rejected the sanctions and announced a partial suspension of cooperation with the U.N. nuclear watchdog, the International Atomic Energy Association.