Iran and Russia have signed a $25 billion agreement to build four nuclear power plants in Iran, Iranian state media reported on Friday. The deal was announced just hours before the expected return of wide-ranging UN sanctions on the Islamic republic.
According to state television, the agreement was signed between Iran Hormoz Company and Russia’s state nuclear corporation Rosatom. The plants will be constructed in Sirik, Hormozgan province, in southern Iran.
Currently, Iran operates only one nuclear power plant, located in Bushehr in the south, with a capacity of 1,000 megawatts—far less than the country’s growing energy needs.
Each of the new plants is expected to have a capacity of 1,255 megawatts, according to Iran’s official news agency IRNA. However, no details have been provided re