Egypt signed an agreement with Russia to establish a nuclear power plant in Dabaa

in BreakingNews @en/Middle East - Africa by

The Ministry of Electricity is preparing to hold a public rally to announce the details of the establishment of Dabaa nuclear power plant in cooperation with Russia. A source at the Ministry of Electricity said that Minister Mohamed Shaker will review the latest developments in the negotiations with Russia on the Dabaa nuclear power plant, the economic feasibility of the project, and the advantages of establishing a peaceful nuclear power station for energy production. Egypt signed an agreement with Russia to establish a nuclear power plant in Dabaa with a capacity of 4,800 MW at a price of $30bn. Russia will provide a governmental loan to Egypt worth $25bn. The commercial contract between Egypt and Russia to establish, supply, and operate the Dabaa plant includes four agreements: main establishment, fuel supply, technical support during operation, and establishing storage for consumer fuel.

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