
Candle to Electric
Russia begins building $30 billion nuclear reactor in Egypt
Rosatom the Russian state nuclear corporation has started construction of the El-Dabaa nuclear power plant in Egypt on Wednesday. A Rosatom official confirmed to the Russian news agency TASS on Thursday.

Egypt and Russia signed a partnership agreement to start work on Egypt’s Dabaa nuclear power plant during a meeting in Cairo between President Abdel Fattah al-Sisi and President Vladimir Putin in 2017. The plant when complete will provide Egypt with 1200 MW of stable power.
El-Dabaa is a city in the Governorate of Matrouh about 250 km from Alexandria on the coast of the Mediterranean Sea. The NPP will be equipped with the latest Generation III+ VVER-1200 reactor, considered to be the latest technology for nuclear power plants. El-Dabaa will be the first nuclear power plant in Egypt and the first major project of Rosatom in Africa.
The El-Dabaa NPP’s total cost of construction is $30 billion and both governments signed an agreement to provide Egypt with a state export loan of $25 billion for the construction of the nuclear power plant, which will cover 85% of the work. The remaining expenses will be covered by the Egyptian side by attracting private investors. Under the agreement Egypt is to start payments on the loan, which was provided at 3% per annum, in October 2029.
The NPP is expected to boost the country’s economy and industrial development by creating up to 50,000 jobs when it is commissioned in 2026.
Source TASS/Reuters
About Post Author
felastory
Share this:
- Click to print (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to share on Skype (Opens in new window)
- Click to email a link to a friend (Opens in new window)
More Stories
Nigeria’s Great Reset
Outgoing Buhari administration saddles incoming government with fuel subsidy removal which will see a litre of fuel selling for N750...
They Did It
Russian President says he believes that Washington was responsible for blowing up the Nord Stream pipelines US intelligence agencies were...
Belarus to Host Russian Nukes
President Vladimir Putin says Russian nuclear weapons under Russian command will be stationed in Belarus this summer Russian tactical nuclear...
Anxiety in Washington
The United States is worried about the agreements between Russia and China signed during Xi's state visit to Moscow Chinese...
Moscow’s Missile Shield Upgraded
Russia upgrades its air and anti ballistic missile system over Moscow with the shield coming online by the end of...
Do Not Try
Russia warns the United Kingdom about supplying Kiev with "depleted uranium" munitions saying it will respond in kind making the...
Average Rating