2 publishers · first seen Mon, 26 Oct 2026 16:24 UTC · updated Wed, 28 Oct 2026 18:58 UTC
Iran and Russia are advancing plans to jointly construct small modular reactors (SMRs) and a new nuclear power plant in Sirik, Hormozgan Province, with a combined capacity of about 5 gigawatts, under a $25 billion agreement signed in September 2025. The move follows the approval of an intergovernmental Cooperation Plan for 2024–2026 and the entry into force of the Comprehensive Strategic Partnership Treaty in October 2025, deepening nuclear and technological cooperation amid Western sanctions.
Construction continues on two additional reactor units at the Bushehr Nuclear Power Plant, with the second unit over 60 percent complete and scheduled to begin operations in 2029. Russia’s Rosatom has returned 135 engineering and technical specialists to the site after earlier evacuations. Iran currently generates approximately 1,000 megawatts of nuclear electricity, while global capacity stands at around 400,000 megawatts.
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