Egypt Finalizes Nuclear Power Plant Deal
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Date: 
Tue, 2017-09-05
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On September 5, 2017, Egypt And Russia finalized the deal to build the Russian-funded nuclear power plant, 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 the BRICS Summit. The nuclear power plant will be built in Dabaa, about 13 kilometers northwest of Cairo, on the Mediterranean coast. 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% of the plant, with a capacity of 4,800 MW.

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