Iran has signed a $25 billion settlement with Russia's state nuclear company Rosatom to construct 4 nuclear energy vegetation in Iran, IRNA information company mentioned on Friday.
Rosatom beforehand mentioned it had signed a memorandum of understanding on Wednesday on the development of small nuclear energy vegetation in Iran however gave no quantity.
Iran's official IRNA information company mentioned the settlement for the development of the Era III vegetation on a web site of 500 hectares within the Sirik area of the southeastern province of Hormozgan would generate 5,000 megawatts of electrical energy. The MOU was signed in Moscow.
Iran, which has suffered electrical energy shortages at occasions of excessive demand, presently solely has one working nuclear energy plant within the southern metropolis of Bushehr. That was additionally constructed by Russia and has a capability of round 1 GW.
Russia has shut relations with Iran and it condemned U.S. and Israeli strikes on Iranian nuclear websites in June. Israel mentioned, with out offering proof, that Iran was on the verge of buying nuclear weapons. Iran says it has no such intention.
