Egypt finalizes deal with Russia for first nuclear plant
President Sissi invites Putin to attend event marking start of facility’s construction
Russian President Vladimir Putin, right, and Egyptian President Abdel-Fattah el-Sissi hold a bilateral meeting on the sidelines of the BRICS Summit in Xiamen, Fujian province, China, Monday, Sept. 4, 2017.(MENA via AP)
CAIRO — Russian media said Monday that Egypt has finalized a deal to build a nuclear power plant with funding from Moscow after nearly two years of negotiations.
The reports came after Egypt’s President Abdel-Fattah el-Sissi met with Russian President Vladimir Putin in China, where they were attending a summit.
The nuclear plant will be built in Dabaa, about 130 kilometers (80 miles) northwest of Cairo on the Mediterranean coast.
Egypt’s presidency said el-Sissi has invited Putin to Egypt to mark the start of construction.
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 megawatts.
read more:
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here