Iranian state media on Friday announced the regime in Tehran has signed a memorandum of understanding (MOU) with Russia’s state nuclear corporation, Rosatom, to build four nuclear power plants in Iran.
The deal is valued at roughly $25 billion.
Russia’s state-run Tass news agency said on Friday that the four nuclear power plants will all be part of one facility, the Hormoz Nuclear Power Plant in the southern Iranian province of Hormozgan.
The company that manages the Hormoz plant said the first of the four nuclear power units to be constructed with Russian assistance will be commissioned by 2031.
Iran currently has one operational nuclear plant…
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