Russia and Egypt signed for Egypt’s first nuclear power plant
December 14th, 2017
Russia and Egypt have signed an agreement for state-owned Rosatom to construct Egypt’s first nuclear plant. The Dabaa nuclear plant, with 4 reactor units and capacity of 5 gigawatts, is planned to be completed by 2029 at a total financing cost of $21bn. Moscow and Cairo in 2015 agreed to the nuclear plant initiative, including a loan from Russia.