States agree new funding, schedule for nuclear fusion plan

28th July 2010, Comments 0 comments

The European Union and six states backing a multi-billion-dollar nuclear fusion project said Wednesday they had reached a deal on the financing and timetable for the experimental reactor.

An explosion in costs had cast a cloud over the International Thermonuclear Experimental Reactor (ITER), which aims to make the nuclear fusion process that fuels the sun a practical energy source on Earth.

ITER was set up by the EU, which has a 45 percent share, China, India, South Korea, Japan, Russia and the United States to research a clean and limitless alternative to dwindling fossil fuel reserves.

© 2010 AFP

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