Tehran, Moscow ink $25bn nuclear deal, Pg14

Key Highlights:

• Iran and Russia signed a $25 billion deal to construct nuclear power plants in Iran.
• The agreement involves building four nuclear power plants in Sirik, Hormozgan.
• Each plant will have a capacity of 1,255 megawatts, according to IRNA.
• The deal was signed between Iran Hormoz company and Rosatom.

Detailed Insights:

• Iran currently operates one nuclear power plant in Bushehr with a capacity of 1,000 megawatts.
• The 2015 nuclear deal, aimed at curbing Iran's nuclear ambitions, is facing challenges with the reimposition of sanctions.
• The new plants aim to increase Iran's energy capacity and reduce reliance on fossil fuels.

Key Concepts Involved:

• Nuclear Power Plant: A facility that uses nuclear fission to generate electricity.
• Sanctions: Penalties imposed on a country to enforce international law or policy.
• Megawatt: A unit of power equal to one million watts, used to measure the output of power plants.