Russia and Iran agree to $25 billion deal to build multiple nuclear power plants in Iran

Published September 26, 2025 7:03am ET



Russia and Iran announced on Friday a $25 billion deal to build multiple nuclear power plants in Iran. 

The agreement is between Russia’s Rosatom Project Company and Iran’s Hormoz Company, according to reports. The deal includes the construction of four “advanced third-generation nuclear power plants” in Iran’s Hormozgan province.

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