Iran, Russia Seal $25bn Deal for Four Nuclear Power PlantsIran, Russia Seal $25bn Deal for Four Nuclear Power Plants
Iran has signed a $25 billion agreement with Russia's Rosatom to build four nuclear power plants, marking a major step in its long-term plan to expand nuclear energy capacity.
The deal, confirmed by Iranian state media on Friday, underscores the deepening energy and strategic ties between Tehran and Moscow, both facing heavy Western sanctions.
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While Rosatom earlier mentioned a memorandum for small nuclear facilities without details, Iran's IRNA has now revealed the construction of four reactors.
Officials say the project aligns with Iran's goal to diversify energy sources and reduce reliance on fossil fuels, with a broader plan to eventually build up to 20 nuclear units nationwide.
The announcement comes amid Western concerns over Iran's nuclear program, which the U.S. and Europe fear could have military dimensions.
Tehran maintains its activities are purely peaceful, aimed at power generation and medical research.
Construction timelines and plant locations remain undisclosed, but the agreement is expected to significantly boost Iran's nuclear capacity in the coming years.
