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Russia to finance Egypt’s first nuclear plant - Daily News Egypt

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Russia to finance Egypt’s first nuclear plant

First nuclear reactors of Dabaa plant to be completed in 9 years: Al-Sisi

Egypt is finally going to launch its nuclear program aimed at electricity production, a dream that the country has had for a long time, according to President Abdel Fattah Al-Sisi.

On Thursday, Egypt and Russia signed the agreements for the Dabaa nuclear plant, via the Russian atomic energy state corporation Rosatom.

The Dabaa plant will have four nuclear reactors, at a capacity of 1,200 MW each, the first two to be completed within 9 years.

2-Egypt increases nuclear security measures in Dabaa power plant

Russia will finance the project, the Egyptian presidency stated. Egypt is only contributing with 20 percent and agreed to payback Russia over a 35-year-plan, from the revenues of electricity production.

The agreements come amid an ongoing Egyptian-Russian cooperation, which Egypt hopes to benefit from with arms’ provision.

Attendees included Ministers of Electricity, Renewable Energy, along with Ambassador to Cairo Sergei Kirpichenko and Russian vice-president of the Federal Environmental, Industrial and Nuclear Supervision Service of Russia.

(Cartoon by Amr Eissa)


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