TEHRAN: Iran and Russia signed a $25 billion deal to build nuclear power plants in the Islamic republic, Iranian state media reported Friday, just hours ahead of the likely return of sweeping UN sanctions on Iran. “A deal for the construction of four nuclear power plants with a value of $25 billion in Sirik, Hormozgan was signed between the Iran Hormoz company and Rosatom,” state television said. Iran has just one operational nuclear power plant in Bushehr in the south, with a capacity of 1,000 megawatts — just a fraction of the country’s energy needs.

Agreement between Rosatom and Iran targets energy expansion with eight new nuclear plants planned by 2040.

TEHRAN: Iran and Russia signed a $25 billion deal to build nuclear power plants in the Islamic republic, Iranian state media reported Friday, just hours ahead of the likely return…

Rosatom has agreed to build new reactors with total capacity of 5GW in the southern Hormozgan province.

Iran and Russia sign $25 billion nuclear power plant deal amid looming UN sanctions, energy needs addressed.