Friday, March 29, 2024

Egypt completes deal with Russia for nuclear plant

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Isaac Kaledzi
Isaac Kaledzihttps://en.wikipedia.org/wiki/Isaac_Kaledzi
Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.

Russian media say Egypt has finalised a deal to build a nuclear power plant with funding from Moscow after nearly two years of negotiations.

The reports Monday came after Egypt’s President Abdel-Fattah el-Sissi met with Russian President Vladimir Putin in China, where they were attending a summit.

The nuclear plant will be built in Dabaa, about 13km northwest of Cairo on the Mediterranean coast.

Egypt’s presidency says el-Sissi has invited Putin to Egypt to mark the start of construction.

In 2015, Egypt signed an agreement with Russia to build a four-reactor power plant. It will receive a $25 billion Russian loan to cover 85 percent of the plant, with a capacity of 4 800 MW.

 

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AP

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