Egypt, Russia sign nuclear plant agreementStaff writer ▼ | November 21, 2015
Egypt and Russia signed two agreements on the financing and construction of a nuclear plant that is part of “a peaceful nuclear program for the production of electricity,” as Egyptian officials point out.
Nuclear energy A 35-year intergovernmental loan to Egypt
According to Egyptian authorities, the loan will not be a financial burden on the state budget because the energy that would be produced by the plant will cover the construction cost.
The plant to be based in Dabaa will house four 1,200 megawatt nuclear reactors. ■