Iran, Russia Sign $25 Billion Agreement to Build Four New Nuclear Power Plants

WANA (Sep 26) – Iran and Russia have signed a $25 billion agreement to construct four advanced third-generation nuclear power plants in Sirik, Hormozgan Province. The combined capacity of these units will reach nearly 5,000 megawatts.

The deal was finalized during the visit of Mohammad Eslami, head of the Atomic Energy Organization of Iran, to Moscow and his participation in the World Atomic Forum and the international exhibition Atom Expo 2025.

According to Behrouz Kamalvandi, spokesperson of the Atomic Energy Organization of Iran, the new agreement builds upon more than a decade of successful cooperation in operating the Bushehr nuclear power plant, which has consistently earned the highest safety rating from the World Association of Nuclear Operators (WANO).

Kamalvandi stated: “One of the key issues under discussion was the development of larger nuclear power plants with a capacity of 1,200 megawatts, as well as small modular reactors, which represent the future of the industry. A memorandum of understanding was signed, and a Russian technical team will soon travel to Iran for follow-up talks.”

Iran and Russia Sign MoU on Small Modular Reactors Construction. Social media/ WANA News Agency

He added that the visit also paved the way for expanded cooperation in other scientific areas related to nuclear technology, including fusion research, radiopharmaceutical production, and applications in agriculture and medicine. Kamalvandi emphasized that Iran has achieved near self-sufficiency in producing nuclear measurement equipment and related technologies.

Commenting on recent remarks by Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), Kamalvandi noted: “The IAEA has both supportive and supervisory roles. Unfortunately, when it comes to Iran, the supervisory aspect has become overly politicized. If the agency acts impartially and professionally, it will benefit not only Iran but the entire international community.”

Kamalvandi concluded: “Russia currently supplies around 50 percent of the world’s nuclear fuel, and many countries across Asia and Africa are seeking Russian nuclear technology. The successful experience of Iran-Russia cooperation shows that political pressures cannot and will not halt our progress.”