Iran and Russia sign $25 billion agreement to build four nuclear power plants in Iran
Russia’s President Vladimir Putin arrives for a meeting with Myanmar’s military chief at the Kremlin in Moscow, on Sept. 25, 2025. POOL/AFP via Getty Images
Iran has reached a $25 billion agreement with Russia’s state-owned nuclear corporation Rosatom to construct four nuclear power plants, according to Iran’s IRNA news agency on Friday.
The deal, signed in Moscow earlier this week, calls for the development of Generation III reactors across a 500-hectare site in the Sirik region of southeastern Hormozgan province. Once completed, the plants are expected to produce 5,000 megawatts of electricity.
Rosatom had previously announced a memorandum of understanding on Wednesday regarding small nuclear power projects in Iran but did not specify details.
Iran currently operates just one nuclear power plant, in the southern city of Bushehr, also built by Russia. That facility has a capacity of about 1 gigawatt and has not been enough to prevent power shortages during peak demand.
Russia maintains close ties with Tehran and has condemned recent U.S. and Israeli strikes on Iranian nuclear facilities. Israel has claimed, without presenting evidence, that Iran is moving toward developing nuclear weapons. Iranian officials deny this, insisting their nuclear program is for civilian use only.
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