Deputy Head of Iran's Atomic Energy Organization Mohammad Qannad revealed Sunday that the agency has been tasked with meeting 10 percent of the country's energy demand - approximately 20,000 megawatts - through nuclear energy in the near future.
"For the next five years, Iran plans to produce 5,000 megawatts of (nuclear) energy," he added, press tv reported.
Iran suffers from an electricity shortage and adopted a rationing program in the summer to ease the problem by scheduling power outages across urban and rural areas in the country.
Over the past decade, Russia has been helping Iran with the construction of its first 1,000-megawatt nuclear power plant in the southern Iranian city of Bushehr.
Experts in the country have also begun creating designs for the second Iranian nuclear plant - located in Darkhovin in the southern province of Khuzestan.
Over 5,000 centrifuges are currently operational in the country. IAEO Head Gholam Reza Aqazadeh, however, announced plans in November to install 50,000 centrifuges in the country's nuclear facilities in a period of five years.
The US, Israel and their European allies accuse Iran of having military objectives in the pursuit of its nuclear program and claim that the amount of UF6 at the country's disposal is "enough for a bomb".
According to Qannad, Iran is currently ranked seventh amongst countries capable of producing uranium hexafluoride (UF6).
Although UF6 gas can be used both in the production of fuel for nuclear reactors and nuclear weapons, all nuclear activities at Iranian nuclear facilities are controlled through the 24-hour surveillance of the International Atomic Energy Agency - the UN body pertinent to probing nuclear programs.
The UN nuclear watchdog conceded in its latest report that Iran has managed to enrich uranium-235 to a level "less than 5 percent" -- a rate consistent with the development of a nuclear power plant. Nuclear arms production, meanwhile, requires an enrichment level of above 90 percent.