Iran, Hungary Agree to Collaborate on Small Reactors

April 10, 2017

Publication: 

World Nuclear News

Hungarian deputy prime minister Zsolt Semjen and the head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi have signed a memorandum of understanding that includes cooperation in building nuclear reactors and investment by Hungarian banks in Iran. Citing Hungary's experience with Russian VVER reactors, Salehi proposed a project with Hungary to design and develop a 25 MWe reactor and a 100 Mwe reactor. Hungary also established an 85 million euro credit line with Iran to facilitate bi-lateral cooperation and joint ventures.