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Iraq hopes to build 8 nuclear power reactors by 2030

Published : Thursday, 17 June, 2021 at 12:00 AM  Count : 535

BAGHDAD, Jun 16: Iraq, which suffers chronic electricity shortages, wants to construct eight nuclear power reactors by 2030 in order to reduce its external energy dependence, an official said Tuesday.
The country currently uses electricity and gas imports from neighbouring Iran to generate around a third of its electricity.
"By 2030-2031, we want to produce 25 per cent of our electricity needs through nuclear power," Kamal Latif, head of the Iraqi Radioactive Sources Regulatory Authority, told AFP.
Nuclear power "is cheaper and available every day of the year, unlike solar or other renewable energies," he added.
Latif said that negotiations currently underway with "Russian, Korean, Chinese, American and French" companies could lead to the "signature" of a deal by year-end.
He declined to comment on reports that put the cost of the new reactors at $40 billion, only saying Iraq would negotiate payment facilities "over 20 years, with the possibility of low-interest loans".
The Russian company Rosatom, quoted by the TASS news agency, said it was discussing with Iraq "the whole agenda of possible cooperation on energy and non-energy applications of nuclear technologies for peaceful purposes".    -AFP









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