Sisi (R) welcomes Putin (L) in Egypt in November 2015- File phtoto
CAIRO – 23 October 2017: President Abdel Fatah al-Sisi and his Russian counterpart Vladimir Putin will attend the inauguration of the first Egyptian Nuclear Power plant (NPP) at the Mediterranean city of Dabaa by the end of this year, Egypt’s Minister of Electricity Mohamed Shaker told Egypt Today on Monday.
“The negotiations with the Russian side in terms of the technical, administrative and financial aspects have concluded... all terms of the four contracts of the nuclear plant have been initialed,” Shaker stated; adding that the letter of guarantee is currently underway.
On September 5, Sisi invited Putin to attend the final signing ceremony of the Dabaa plant in Egypt, and Putin announced that he accepted the invitation. Prime Minister Sherif Ismail announced that the foundation stone of the Dabaa nuclear power plant will be laid soon.
Putin’s visit to Egypt will be the second one after an official visit he paid in November 2015 when he and Sisi reached the agreement to construct the first phase of the Dabaa plant, consisting of four reactors, using Russian technologies. The construction of the plant was backed by a $25 billion loan from Russia.
The plant is built on 55 square kilometers in Dabaa, Matrouh governorate; once completed, it will consist of eight reactors. Russia will build the first four reactors while the construction of the other four will be through international aid. Each reactor will produce 1,200 megawatts of energy.