Minister of Investment Sahar Nasr- Press Photo
CAIRO – 6 August 2017: Minister of Investment Sahar Nasr signed Sunday a cooperation agreement with Minister of Electricity Mohamed Shaker to clear land plots of Dabaa nuclear project.
Nasr said in a statement that the LE 2 million ($112,556) agreement is to clear 11,000 feddans of land of mines.
Egypt and Russia reached an intergovernmental agreement on November 19, 2015 that granted the construction of Dabaa nuclear power plant using Russian technologies and backed by a $25 billion loan from Russia.
The nuclear power plant will consist of four units generating 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.