Iran Transfers to Russia 1st Tranche to Finance Bushehr NPP 2nd Stage Project

© AP Photo / Iranian Senior Vice-President's OfficeIranian Senior Vice-President on Saturday, Sept. 10, 2016, Ayatollah Gholam Ali Safaei Bushehri, Supreme Leader Ali Khamenei's representative in Bushehr province, center bottom, breaks ground in a ceremony to begin building Iran's second nuclear power plant in the southern port city of Bushehr, Iran
Iranian Senior Vice-President on Saturday, Sept. 10, 2016, Ayatollah Gholam Ali Safaei Bushehri, Supreme Leader Ali Khamenei's representative in Bushehr province, center bottom, breaks ground in a ceremony to begin building Iran's second nuclear power plant in the southern port city of Bushehr, Iran - Sputnik International
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Tehran transferred to the Russian side in December 2016 the first tranche to finance the project to build the second stage of the Bushehr Nuclear Power Plant (NPP), Russian Ambassador to Iran Levan Dzhagaryan told Sputnik.

MOSCOW (Sputnik) — The ceremony to start work on the construction of the second stage of the Bushehr NPP took place in Iran on September 10, 2016. The implementation of the Bushehr-2 project will take 10 years, its cost is estimated by the Iranian side at about $10 billion.

"The first tranche was transferred in full in December 2016," Dzhagaryan said.

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