Published by Global Banking and Finance Review
Posted on September 26, 2025
2 min readLast updated: January 21, 2026
Iran and Russia have signed a $25 billion deal to construct four nuclear power plants in Iran, aiming to generate 5,000 megawatts of electricity.
DUBAI (Reuters) -Iran has signed a $25 billion agreement with Russia's state nuclear corporation Rosatom to build four nuclear power plants in Iran, IRNA news agency said on Friday.
Rosatom previously said it had signed a memorandum of understanding on Wednesday on the construction of small nuclear power plants in Iran but gave no number.
Iran's official IRNA news agency said the agreement for the construction of the Generation III plants on a site of 500 hectares in the Sirik region of the southeastern province of Hormozgan would generate 5,000 megawatts of electricity. The MOU was signed in Moscow.
Iran, which has suffered electricity shortages at times of high demand, currently only has one operating nuclear power plant in the southern city of Bushehr. That was also built by Russia and has a capacity of around 1 GW.
Russia has close relations with Iran and it condemned U.S. and Israeli strikes on Iranian nuclear sites in June. Israel said, without providing evidence, that Iran was on the verge of acquiring nuclear weapons. Iran says it has no such intention.
(Reporting by Jana Choukeir and Ahmed Elimam; Editing by Alison Williams and Gareth Jones)
Iran has signed a $25 billion agreement with Russia's state nuclear corporation Rosatom.
The agreement includes the construction of four nuclear power plants in Iran.
The plants will be built on a site of 500 hectares in the Sirik region of the southeastern province of Hormozgan.
Iran currently has only one operating nuclear power plant in the southern city of Bushehr.
Russia has condemned U.S. and Israeli strikes on Iranian nuclear sites, indicating close relations with Iran.
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