Fennovoima said its claims currently total almost EUR2 billion (USD2 billion), while Rosatom said it is seeking USD3 billion from Fennovoima.

Since then, the public has been skeptical about nuclear power and Japan has made strict safety updates at plants throughout the country.

The Philippines built a nuclear power plant in the late 1970s, but the project was stopped in 1986, and fuel was not loaded into it.

Subsoil use contracts are agreements with the Kazakh government covering the production of uranium by in-situ leach methods.

Since 2011, SCC has been implementing the Proryv project to demonstrate closed fuel cycle technology.

The production site will create 300 new jobs and is expected to produce uranium for "several decades", ARMZ said.

“We are working together with Rosatom to successfully complete the implementation of the first and second stages of construction. The constructed facilities have advanced high-tech equipment,” said Ortesia Jimenez.

India currently has 22 operating nuclear reactors, totalling some 6795 MWe of capacity. A further eight units, totalling just over 6000 MWe, are under construction, and the Indian government is committed to growing nuclear capacity as part of its massive infrastructure development programme.

The potential deal on the table spells out the steps that Iran and the US would each take, with the former eliminating its stockpiles of enriched uranium in return for economic concessions from the latter.

The 25th batch of Russian electrical equipment was successfully delivered to the construction site of the international thermonuclear experimental reactor Iter in France,