February 21, 2007

Iran's First Nuclear Reactor Postponed Indefinitely

Feb. 19 (Bloomberg)

Iran's first nuclear reactor won't start as expected this year because of supply and financing delays and it may be postponed indefinitely, the Russian agency building the power plant said.

United Nations sanctions over Iran's enrichment program are making it difficult for the Islamic Republic to find non-Russian suppliers for cooling systems and other components needed to finish the Bushehr reactor, Russian officials said.

``The schedule for the Bushehr plant will need to be corrected,'' said Sergei Novikov, spokesman for Russia's Atomic Energy Agency, by phone in Moscow today. The Iranians stopped making scheduled payments to Russia more than a month ago, after insisting on paying in euros instead of dollars, Novikov said.

Posted on 21 February 2007 @ 03:21 GMT