Nuclear Power Plant – File photo/Wikimedia Commons
CAIRO – 14 July 2017: A comprehensive contract to construct Egypt’s first nuclear power plant in al-Dabaa, in cooperation with Russian state corporation ‘Rosatom,’ is ready to be signed, according to statements of first deputy general director of Rosatom on development and international activities, Kirill Komarov, reported by MIA news agency on Thursday.
"We are completely ready to sign the contract with Egypt," said Komarov in the annual report of Rosatom for 2016.
Egypt and Russia reached a deal on November 19, 2015, where they signed in Cairo an intergovernmental agreement on cooperation in the construction of al-Dabaa nuclear power plant by Russian technologies on the Mediterranean Sea, with Russian loan amount at $25 billion.
The nuclear power plant will consist of four units generate 1200 MW. Egypt hopes that the launch of the first nuclear power plant will take place in 2024.
On July 9, Electricity Minister Mohamed Shaker stated that four contracts of Dabaa nuclear power station were signed in initials, two of them were revised by the State Council and the other two are still in the pipeline.