Tehran, Moscow sign $25bn deal to build nuclear plants in Iran: state media

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.

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