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.

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’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

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