Egypt to sign contracts for nuclear power plant during Putin's visit
Egypt will sign contracts with Moscow during Russian President Vladimir Putin’s visit to Cairo on Monday for the country’s first nuclear power plant, three senior sources told Reuters on Sunday. The construction of the 4,800 megawatt (MW) capacity plant, which is supposed to be built at Dabaa in the north of the country, is expected to be completed within seven years, added the sources, who spoke on condition of anonymity because they were not authorised to speak to the media. Egyptian Foreign Minister Sameh Shoukry told Russia Today in an interview on Saturday that “they have completed several stages” of the plant and ‘soon’ it will be finished. Moscow and Cairo have signed an agreement in 2015 for Russia to build a nuclear power plant in Egypt, with Russia extending a loan to Egypt to cover the cost of construction. Egypt’s official gazette said last year the loan was worth USD25bn and would finance 85% of the value of each work contract, services and equipment shipping. Egypt would fund the remaining 15%. The trial operation of the first nuclear reactor is expected to take place in 2022. Putin is scheduled to visit Cairo on Monday to meet with his counterpart, Abdel Fattah Al-Sisi, where they will discuss bilateral relations, trade and Middle Eastern issues, the Kremlin said last week.
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.