This led Dabaa nuclear project to be chosen as one of the three best projects in the world; the project won the award for the second-best start-up project in the world. In 2014, Egypt and Russia announced their cooperation in the nuclear power field. The loan will cover 85 percent of the plant, with Egypt funding the remaining 15 percent. According to the deal, Russian nuclear firm Rosatom will finance and construct four third-generation reactors, with a capacity of 1,200 megawatts (MW) each, for a total of 4,800 MW. Nuclear energy is part of the government’s plan to diversify its energy sources to prevent any future crisis resulting from shortages in electricity.

Source: Egypt Today November 02, 2020 13:30 UTC