Ninety-nine percent of the contracts necessary for the implementation of the nuclear plant project in Dabaa have been agreed on, said Sergey Kirpichenko, Russia’s Ambassador to Egypt. Kirpichenko expects to start the implementation of Dabaa plant before the end of 2017. Moscow and Cairo signed an agreement in November 2015 for Russia to build a nuclear power plant in Egypt, with Russia extending a loan to Egypt to cover the cost of construction. Russia’s state-owned nuclear firm Rosatom said the plant, Egypt’s first, would be built at Dabaa in the north of the country and is expected to be completed by 2022. Russia will loan Egypt $25 billion to finance building and operating the nuclear power plant.

Source: Egypt Independent June 05, 2017 10:30 UTC