Iran Proposes Consortium With Russia To Produce Nuclear Fuel

ran has proposed formation of a consortium with Russia to produce fuel in both the countries for its first nuclear power plant built with the Moscow's technical support.

Ali Akbar Salehi, head of the Atomic Energy Organization of Iran, told the country's official news agency IRNA on Thursday that the Russian government was studying an Iranian proposal for joint fuel production. He proposed to start the consortium under Russian license.

A nuclear power plant built by Russia's state-run atomic energy corporation ROSATOM in the Gulf port of Bushehr became operational last week.

Russia has agreed to supply fuel for the plant and take back the post-production waste until 2020 to avoid any misuse for proliferation purposes. The Bushehr nuclear facility will be an Iran-Russia joint venture for three years, after which Tehran will hold the sole ownership.

ROSATOM says it could take six months for the reactor to become fully operational.

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