RUSSIA TO BUILD TWO NUCLEAR PLANTS IN VENEZUELA!!

RUSSIA TO BUILD TWO NUCLEAR PLANTS IN VENEZUELA!!

WANTED SA has learend today that Venezuelan President Hugo Chavez reached a deal with Russia on Friday October 15, 2010 to build the South American country's first nuclear plant, as questions arose why a nation rich in oil and gas would feel the need to venture into atomic energy.

The two nations also signed other energy agreements. Russia has cultivated close ties with Chavez's government to expand its global clout and counter U.S. influence in Latin America.

The news agencies in Moscow  stated that Russia plans to build two 1,200 megawatt nuclear reactors at the Venezuelan plant. The cost of Friday's nuclear deal wasn't immediately announced.

The deal is likely to raise concern in President Barack Obama's administration but continues a pattern of Russia pressing to export its nuclear expertise.

Russia has just completed Iran first nuclear power plant and recently reached new deals to build nuclear reactors in China and Turkey. It's talking with Indian officials about building a dozen of nuclear reactors there and also wants to build a nuclear reactor in the Czeck Republic

Russian President Dmitry Medvedev sought to pre-empt questions about why Venezuela would need nuclear power by saying the deal would help Caracas reduce its dependence on global market fluctuations.

"I don't know who will shudder at this," Medvedev said at a news conference after the signing. "The president (of Venezuela) said there will be nations that will have different emotions about that, but I would like to emphasize that our intentions are absolutely pure and open: We want our partner Venezuela to have a full range of energy possibilities."

Medvedev said Russia sees nuclear energy as a priority, despite its own hydrocarbon wealth, and described Russia's civilian nuclear technology as highly competitive abroad.

"We are building many plants in different countries, so why wouldn't build such a plant in our close partner, Venezuela?" he said. "That will offer a certain degree of independence in case of a drop in world energy prices."

Chavez said Venezuela wants to reduce its dependence on oil and gas and praised Russia for helping his country.

Right???? Who is he kidding?

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