Iran / Country Wants To Become Nuclear Hub, Says Head Of Atomic Energy Organisation

Tehran wants to invest $50bn in construction of new reactors
Country Wants To Become Nuclear Hub, Says Head Of Atomic Energy Organisation
Iran operates one commercial nuclear reactor, the Russian-built Bushehr-1. Courtesy AEOI.
Iran wants to become a hub for designing and building nuclear power plants with plans to invest $50bn (€49.6bn) in the construction of new units, the head of the Atomic Energy Organisation of Iran (AEOI) Mohammad Eslami said.

“We intend to provide various services in the field of nuclear technology, including the development of nuclear power plants and nuclear power generation,” Eslami said, claiming that the country wants nuclear to make up a 20% share of its energy portfolio.

The UK-based Iran International website said Iran has neglected investment in other sources of power, especially renewables, and energy investment has been limited because of its “isolation in the global community”. Russia is the only country cooperating with Iran in the nuclear industry.

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