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ITER Agreement Signed in Paris

Author: admin / 2006-11-30

On 21th November 2006, Ministers from the seven Parties of the international nuclear fusion project ITER (China, European Union, India, Japan, the Republic of Korea, the Russian Federation and the United States of America) came together to sign the agreement to establish the international Organization that will implement the ITER fusion energy project. The signature took place at a ceremony at the Elysée Palace in Paris and was hosted by the President of the French Republic M. Jacques Chirac and by the President of the European Commission, M. José Manuel Duro Barroso. With the accomplishment of this meeting, the ITER Organization is able to embark on its mission, as a worldwide international cooperation, to help create a new source of energy for humankind. 

ITER will be the world's largest experimental facility to demonstrate the scientific and technical feasibility of fusion power. The construction costs of ITER are estimated at 5 billion Euros over ten years, most of which will be awarded in the form of contracts to industrial companies and fusion research institutions. Europe will contribute roughly half of the costs of construction, while the other six parties to this joint international venture (Japan, China, the Republic of Korea, the Russian Federation, India, and the USA), will contribute equally to the rest. Upon its entering into force, the ITER Agreement will have a duration initially of 35 years with the possibility of extension for up to 10 years. (Sources:ITER News & Events,Xinhua online).

Background

ITER is a joint international research and development project that aims to demonstrate the scientific and technical feasibility of fusion power. The partners in the project - the ITER Parties - are the European Union (represented by EURATOM), Japan, the People′s Republic of China, India, the Republic of Korea, the Russian Federation and the USA. ITER will be constructed in Europe, at Cadarache in the South of France. 

Fusion is the energy source of the sun and the stars. When light atomic nuclei fuse together to form heavier ones, a large amount of energy is released. Fusion research is aimed at developing a prototype fusion power plant that is safe and reliable, environmentally responsible and economically viable, with abundant and widespread fuel resources, to meet the needs of a growing world population.
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