October 1 , 2025
12 hrs 0 min
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- Iran and Russia signed a $25 billion deal to build four nuclear reactors with a total capacity of 5 GW in Hormozgan province, southern Iran.
- The project is aimed at addressing Iran’s electricity shortages, especially during peak demand.
- Russia’s Rosatom will lead the construction; Iran currently has one 1 GW nuclear plant in Bushehr, built by Russia.
- The deal comes amid a UN Security Council vote on delaying sanctions related to Iran’s nuclear program.
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