by WorldTribune Staff, September 5, 2017
Egypt and Russia on Sept. 4 finalized a deal in which Moscow will fund the construction of a nuclear power plant in Egypt.
The deal was announced after Egyptian President Abdul Fatah Sisi met with Russian President Vladimir Putin in China, where they were attending a summit, the Associated Press reported.
Egypt joins a growing list of Mideast nations which have signed nuclear power deals with Russia.
Moscow has also signed a $10 billion deal with Jordan to build the kingdom’s first nuclear power plant and has agreements with Iran to build at least two more nuclear power plants on the Islamic Republic’s southern Gulf shores, in the city of Bushehr.
Egypt’s nuclear plant will be built in Dabaa, located about 130 kilometers (80 miles) northwest of Cairo on the Mediterranean coast. Sisi invited Putin to Egypt to mark the start of construction.
The Sept. 4 deal was reached after two years of negotiations.
In 2015, Egypt signed an agreement with Russia to build a four-reactor power plant. It will receive a $25 billion Russian loan to cover 85 percent of the plant, with a capacity of 4,800 MW, the AP report said.