OREANDA-NEWS. On Oct 13 2008 the International Atomic Energy Agency (IAEA) and ITER Organization signed an agreement for cooperation under the ITER project.

The agreement was signed by ITER Director General Kaname Ikeda and IAEA Deputy Director General Yuri Sokolov. The agreement is supposed to intensify the exchange of information between the organizations and to help them to train specialists for the ITER project.

The ITER (international thermonuclear experimental reactor) is being built in Cadarache in France by Russia, Japan, China, India, South Korea, the United States and the European Union.

The cost of the project is estimated at USD 12bln. “The demand for energy is so high that the investments in the ITER project are not a waste of money,” Sokolov said.