Russia Wants Iran To Pay Up

Russian company building Iranian nuclear plant says launch will be delayed.

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Russia Wants Iran To Pay Up

Richard Longoria

Story Created: Mar 12, 2007 at 3:42 PM CST

Story Updated: Mar 12, 2007 at 3:42 PM CST

MOSCOW (AP) - The launch of Iran's first nuclear power plant
appears to have hit a snag.

The state-run Russian company building the plant says the
problem stems from payment delays from Iran.

Russia has accused Iran of paying only a fraction of the
required monthly payments of 25 (m) million dollars for
construction.

The company has also warned that the funding delays would not
only push back the reactor's launch, but the delivery of the
uranium fuel needed to power the reactor.

Nuclear officials in Iran have strongly denied any payment
delays. But they say Iran is ready to provide more funds so that
the plant can be launched in September as planned.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

AP-NY-03-12-07 1121EDT

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