The Atomic Energy Organization of Iran (AEOI) has announced the start of construction of a 5 GW nuclear power plant in Sirik County, Hormozgan Province (southern Iran). The project involves the construction of four units, each with a power generation capacity of 1,250 MW. Construction of the new power plant is expected to take about nine years and will require a total investment of US$20bn.
The AEOI has set a long-term target of developing 20 GW of nuclear capacity in the country by 2041. Iran currently possesses one operational nuclear power plant, located in the southern province of Bushehr. The power plant started in 2011 (commissioning in 2013) and has a generation capacity of 915 MW (additional 1 GW reactors are currently under development at the site). In October 2023, Iran also announced the start of construction of the 300 MW Karun nuclear power plant, located in the south-western Iranian province of Khuzestan.
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