BAKU, Azerbaijan, November 23. The Iranian government has proposed to attract foreign investment for the construction and development of nuclear power plants in Iran in the draft of the state budget for the next Iranian year (March 20, 2024 through March 20, 2025), Trend reports.
On November 21, 2023, Iranian President Ebrahim Raisi submitted the country's state budget draft for next year to the parliament for review and approval.
In Iran, the government submits a proposed draft budget to parliament, which must approve it. If it does not, the draft budget bill is returned to the government for additional revisions.
The Atomic Energy Organization of Iran (AEOI) is authorized to attract local as well as foreign investment for the construction, commissioning, and development of Nuclear Power Plants (NPP) in order to enhance energy output in the country, according to the proposed budget for next year.
Iran's Atomic Energy Organization, Plan and Budget Organization, and Ministry of Economic Affairs and Finance will compile and declare the rules for this investment.
In addition, the AEOI should carry out the production, processing, and export of uranium-rich minerals, radioactive substances, and related products.
Also, the AEOI has to pay the income from exports to the general treasury of the country after deducting the expenses. So that those funds should be spent on the development of the nuclear industry, etc. In this regard, the Atomic Energy Organization of Iran must submit a monthly report to the Ministry of Industry, Mine and Trade of Iran.
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