Egypt: NPP construction agreement to conclude soon
Russia and Egypt signed an inter-governmental agreement on constructing the first NPP in November 2015
Rosatom expects to make an agreement on the construction of a nuclear power plant (NPP) in Egypt by the end of this year.
Russian news agency, Tass reported, citing Alexei Likhachev, CEO of Rosatom State Atomic Energy Corporation.
"We highly expect to make the agreement with Egypt by the end of this year," Likhachev said.
The report said on 19 November, 2015 that Russia and Egypt signed an inter-governmental agreement on constructing the first NPP in El Dabaa, consisting of four power units with 1,200 MW capacity each.
Under the agreement Cairo is granted a $25bn loan to build the plant.
The project is to be implemented in 12 years.
The nuclear power station is expected to be built near the city of El Alamein on Egypt’s northern coast, 3.5km away from the Mediterranean Sea.