Egypt to generate electricity from Dabaa nuclear plant in 2024Staff writer ▼ | November 30, 2015
Egypt is set to generate electricity from the first unit of the Dabaa nuclear power plant in 2024, Prime Minister Sherif Ismail said.
Energy Prime Minister Sherif Ismail:
Egypt signed the nuclear plant deal with Russia’s state-owned nuclear firm Rosatom on 19 November.
Moscow will provide finance for the construction, with repayment coming through a share of revenues over a 35-year period.
Egypt will pay for the power plant with proceeds from “the actual production of electricity” from this plant, President Abdel Fattah al-Sisi said at a press conference following the signing ceremony. ■