Iran and Russia Formalize $25 Billion Nuclear Plant Agreement - PRESS AI WORLD
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Iran and Russia Formalize $25 Billion Nuclear Plant Agreement

share-iconPublished: Friday, September 26 share-iconUpdated: Friday, September 26 comment-icon2 months ago
Iran and Russia Formalize $25 Billion Nuclear Plant Agreement

Credited from: ALJAZEERA

  • Iran and Russia sign a $25 billion deal for four nuclear reactors in Hormozgan.
  • Each reactor will have a capacity of 1,255 megawatts, aiding Iran's energy needs.
  • The deal coincides with the imminent return of UN sanctions against Iran.
  • Western nations accuse Iran of seeking nuclear weapons, a claim it denies.
  • This marks another step in Russia's support for Iran amid stalled nuclear talks with the West.

Iran and Russia have finalized a significant $25 billion deal to construct four nuclear power reactors in the Hormozgan province of Iran, according to Iranian state media reports. The announcement comes at a critical time as the UN Security Council is expected to reinstate severe sanctions against Iran, with a vote anticipated imminently. The reactors are set to enhance Iran's nuclear capabilities at a site in Sirik, which is strategically located across the Gulf from the UAE and Oman, according to Al Jazeera, Le Monde, and Dawn.

The planned reactors are designed to collectively produce a total of 5GW of electricity, representing a significant increase in Iran's energy generation capacity, which currently relies heavily on a single operational plant in Bushehr with a capacity of 1GW. Each of the new plants will reportedly feature a capacity of 1,255 megawatts, as reported by multiple sources including Al Jazeera, Le Monde, and Dawn.

This agreement aims to bolster Iran's energy infrastructure, especially concerning its nuclear capabilities, while Western nations, particularly Britain, France, and Germany, continue to pressure Iran regarding its compliance with international nuclear agreements. The return of the so-called snapback sanctions was initiated over claims that Iran has not adhered to the 2015 nuclear deal, challenging Iran's right to pursue a civilian nuclear program, a position it staunchly defends, as per sources such as Al Jazeera, Le Monde, and Dawn.

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