Iran: Nuclear plant to work at full capacity soon

In weeks, Iran's 1st nuclear power plant to be linked to nat'l grid at full capacity, says country's Atomic Energy Organization.

By REUTERS
February 26, 2012 12:56
2 minute read.
Iran's Bushehr nuclear reactor

Iran's Bushehr nuclear reactor_150. (photo credit: Reuters)

TEHRAN - Iran's first nuclear power plant will be connected to the national grid at full capacity in the coming weeks, the head of the country's Atomic Energy Organization was quoted as saying by Iranian media on Sunday.

The Russian-built Bushehr plant is part of Iran's nuclear program which Western countries believe is an attempt to develop the technology needed to build nuclear weapons.

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Iran maintains the program is purely for energy and medical requirements.

Fereydoun Abbasi-Davani told the Iranian Student News Agency (ISNA) the plant had generated 700 megawatts from early February and will produce electricity at its full capacity of 1,000 megawatts early in the Iranian new year, which begins on March 21.

"Nuclear power with a capacity of 1,000 megawatts will be linked to the national power grid early next year," Abbasi-Davani said. "In order to realize that capacity, there will be various tests conducted at 75 percent capacity."

The plant was built by Russian contractors after the Iranian and Russian government signed an agreement in 1995. It was due to be completed several years ago but the plans were beset by technological and financial problems, as well as political pressure from the United States.

Tehran denies Greece oil shipment in retaliation to sanctions

Also on Sunday, Iran refused to give Greece a shipment of 500,000 barrels of crude oil in a retaliatory measure against European Union sanctions on the Islamic state's lifeblood, oil, the semi-official Fars news agency reported.

"Oil tankers that had come to transfer 500,000 barrels of Iranian oil to a refinery in Greece had to go back empty-handed after Iran refused to give the shipment," Fars reported, without giving a source. Oil Ministry officials were not available to comment.

The European Union in January decided to stop importing crude from Iran from July 1 over its disputed nuclear program, which the West says is aimed at building bombs. Iran denies this.

Iran stopped selling crude to British and French companies last week after Iran's oil minister said on Feb. 4 that the Islamic state would cut its oil exports to "some" European countries.

The European Commission has said that the bloc would not be short of oil if Iran stopped crude exports, as they have enough in stock to meet their needs for around 120 days.

Fars said the tankers were "destined to the Greek refiner Hellenic."

Traders told Reuters on February 24 that Swiss-based Totsa, the trading arm of French oil major Total, and trading house Mercuria were in separate negotiations with Greek refiner Hellenic Petroleum to help it replace Iranian crude.

Glencore, a leading Swiss-based commodities trader and one of the few that conducted business with Greece during the debt crisis, may also boost supplies, trading sources have said.

Hellenic would pay back the traders with refined products, which could then be sold in Greece or abroad.

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