Tuesday March 26, 2019
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China to build two nuclear power plants in Iran

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Tehran: China will build two new nuclear power plants (NPP) in Iran, the media reported quoting Ali Akbar Salehi, the head of the Atomic Energy organisation of Iran. 1024px-Kernkraftwerk_Grafenrheinfeld_-_2013

“We will simultaneously launch construction of four new nuclear power plants in the country in the next two-three years. We plan to engage more than 20,000 workers and engineers in this large-scale construction,” Salehi said.

Iran currently has stores amounting to around 90 tonnes of heavy water and around seven-eight tonnes of Uranium, he said.

“In accordance with the joint action plan (on Iran’s nuclear programme), the future of stored uranium will be decided in the next four-five months,” Salehi said.

On Monday, the UN Security Council unanimously adopted a resolution in support of the agreement on Iran’s nuclear programme. All international sanctions will be lifted from Iran in 10 years if Tehran fulfills all conditions agreed with the P5+1 group of international mediators in Vienna.

The resolution also envisages easing sanctions against Iran after the International Atomic Energy Agency (IAEA) submits a report confirming Tehran’s compliance with the terms of the deal.

The UN Security Council also reinforced the mechanism of restoring all restrictions in case Iran violates the terms of the agreement.

(IANS)

 

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Italy, China Sign Pact To Strengthen Economic Ties

Italy's involvement gives China a crucial inroad into Western Europe and a symbolic boost in its economic tug-of-war with Washington.

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Chinese President Xi Jinping, left, and Italian Prime Minister Giuseppe Conte shake their hands following the signing of a memorandum in support of Beijing's "Belt and Road" initiative, at Rome's Villa Madama, March 23, 2019. VOA

Italy has signed a memorandum of understanding with China in support of Beijing’s “Belt and Road” initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.

Premier Giuseppe Conte and Chinese President Xi Jinping shook hands during a ceremony in Rome on Saturday, after 29 separate sections of the memorandum were signed by members of both governments.

 

 

With the memorandum, Italy becomes the first member of the Group of Seven major economies that includes the United States, to join Belt and Road, following Portugal’s embrace of the initiative in December.

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Italy’s involvement gives China a crucial inroad into Western Europe and a symbolic boost in its economic tug-of-war with Washington. (VOA)