Iran: Building New Nuclear Plant – Expected to Complete in Seven Years

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The Iran announced that he was going to build a new one nuclear power plant in the southwestern province of Khuzestan, while it is expected to be completed within seven years.

The 300-megawatt plant, being built in the Darhovin region, will cost between $1.5 billion and $2 billion, Eslami added. Iran also has a 1,000 megawatt nuclear power plant at Bushehr, in the southern tip of the country.

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Initially, the Darhovin plant “was to be built by a French company”, which backtracked on its “commitments” after the 1979 Islamic Revolution, according to the head of the atomic energy agency. “Then other countries avoided working with the Islamic Republic of Iran because of the sanctions,” Eslami continued.

As part of a historic deal reached in 2015, Iran had agreed to freeze its uranium enrichment activities at the Fordow underground plant, located 180 kilometers south of Tehran.

The Iran deal

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Tehran had pledged to limit the enrichment limit to 3.67% under this agreement signed by Iran, on the one hand, and the United States, China, France, Britain, Russia and Germany, on the other.

The Joint Comprehensive Plan of Action (JCPOA), as the deal is called, offered Iran relief from international sanctions in exchange for guarantees that Tehran would not acquire nuclear weapons, a goal the Islamic Republic has always denied it pursues.

However, following the withdrawal of the United States from the JCPOA in 2018 under the presidency of Donald Trump, and the reinstatement of US sanctions that are stifling its economy, Tehran has gradually disengaged from its obligations.

Iran therefore began in January 2021 the process of producing 20% ​​enriched uranium at the Fordow plant.

Then, in April 2021, it announced that it had begun producing 60% enriched uranium at the Natanz plant, approaching the 90% required to produce an atomic bomb.

Last month, Tehran announced it had started production of 60% enriched uranium at Fordow, in a fresh breach of its pledges.

Negotiations to revive the 2015 accord began in April 2021, but have stalled in recent months as tensions rose between Iran and the major powers that are party to the deal.

Source: News Beast

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