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

IRNA reports each plant will have a capacity of 1,255 megawatts

  • The deal will lead to the construction of four nuclear power plants.
  • Iran has just one nuclear power plant with 1,000MW capacity.
  • Timeline details have not been provided so far.

Iran and Russia signed a $25 billion deal to build nuclear power plants in Tehran, Iranian state media reported on Friday, just hours ahead of the likely return of sweeping UN sanctions on Iran.

State television said, “The Iran Hormoz company and Rosatom signed a $25 billion deal to construct four nuclear power plants in Sirik, Hormozgan.”

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.

According to state news agency IRNA, each plant will have a capacity of 1,255 megawatts, though no details were provided on the timeline.

The European parties to the 2015 nuclear deal with Iran triggered snapback. Sanctions will return by the end of Saturday.

Britain, France, and Germany triggered the sanctions last month. Accusing Iran of failing to adhere to its commitments under the agreement.

At a Security Council session on Friday, China and Russia put forward a draft resolution. To allow another half year for talks, but it is unlikely to garner enough support to pass.

Western countries have long accused Iran of seeking an atomic bomb. A charge Tehran vehemently denies, defending its right to a civilian nuclear programme.

The United States in 2018 unilaterally pulled out of the nuclear accord with Iran. Prompting Tehran to begin walking back its commitments.

Unprecedented Israeli strikes on Iran in June derailed talks. Between Washington and Tehran to strike a new deal, sparking a 12-day war, briefly joined by the United States.

Iran had previously signed with Russia a nuclear energy deal in 1993, allowing for the construction of the Bushehr plant, after Germany had abandoned it in the wake of the Islamic revolution of 1979.

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