Egypt and Russia to discuss nuclear power plant
The project involves the building of a 'third-generation' plant with four reactors with the help of a loan from Russia to be paid off over 35 years
An Egyptian delegation traveled to Moscow on Sunday to discuss the building of the country’s first nuclear power plant with Russian aid.
The high-level delegation will discuss the plant, which is projected to be fully operational in 12 years.
This is the first visit of its kind since Egypt and Russia signed two agreements last month in Cairo to finance the project.
The first phase of the project is supposed to host four units worth $10 billion.
A spokesman for Russia's state-owned nuclear firm Rosatom said the plant would be built at Dabaa in the north of the country and is expected to be completed by 2022.
Russia is expected to finance 80 percent of the project following last month’s loan agreement signing between the two countries.
Egyptian President Abdel Fattah al-Sisi, said that the project would involve the building of a 'third-generation' plant with four reactors and that the loan from Russia would be paid off over 35 years.