Iran Russia Nuclear Deal signed to build four nuclear power reactors worth $25 billion in southern Iran. The project aims to produce 5GW of electricity and reduce power shortages. The agreement strengthens energy cooperation between Tehran and Moscow amid rising global tensions.
Tehran and Moscow have finalized the Iran Russia Nuclear Deal to build four nuclear power reactors in the southern Hormozgan province. Iranian state media confirmed the $25 billion project will generate 5GW of electricity once completed.
The reactors will be built in the city of Sirik on a 500 hectare site facing the Gulf. Iran currently has only one operational nuclear power plant in Bushehr with a capacity of 1GW. The new deal with Russia’s state nuclear agency Rosatom is expected to significantly boost Iran’s energy production.
Iran has long faced power shortages during peak demand seasons. Officials say the Iran Russia Nuclear Deal will support the country’s energy security and help achieve Tehran’s goal of 20GW nuclear capacity by 2040.
Western countries have accused Iran of seeking nuclear weapons. Iran denies this and insists its nuclear program is for civilian energy needs only. President Masoud Pezeshkian told the UN General Assembly that Iran will never build a nuclear bomb. The United States withdrew from the 2015 nuclear deal in 2018. Sanctions were reimposed on Iran. China and Russia have opposed further UN sanctions and pushed for diplomacy to revive the original agreement.
The new nuclear project comes after Iranian Vice President and nuclear chief Mohammad Eslami visited Moscow earlier this week. Talks focused on energy cooperation and resisting Western pressure on Iran’s nuclear activities. The deal marks the largest nuclear energy collaboration between Iran and Russia since the construction of the Bushehr plant decades ago.
