Iran allocates US $215 m. for two more reactors

By JERUSALEM POST STAFF
Iran has allocated the equivalent of US $215 million for the construction of what would be its second and third nuclear power plants, state radio reported Monday. The report did not give the location of the new reactors, but last month Iran said it planned to build new plants in the southern Iranian provinces of Khuzestan and Bushehr. Iran's first reactor has been built at Bushehr with Russian assistance and is due to come on stream this year. "Some 1,940 billion rials have been allocated for the building of two nuclear power plants in the draft budget bill for the next Iranian year," the head of Iran's Management and Planning Organization, Farhad Rahbar, told Tehran radio. The US dollar trades at about 9,000 rials on the open market, and the Iranian new year begins March 21. Iran plans to build 20 more nuclear plants, and Russia has offered to build some of them.