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Rosatom plans to sign nuclear plant construction contract with Egypt by yearend

Earlier, Russian Prime Minister Dmitry Medvedev said that an intergovernmental agreement on building a nuclear plant in Egypt would be drafted by the autumn of 2015

MOSCOW, August 7. /TASS/. Russia’s Atomstroiexport, a company incorporated into the state-owned Rosatom nuclear corporation, hopes to sign a contract for the construction of a nuclear plant in Egypt by the end of the current year, the company’s CEO Valry Limarenko told journalists on Friday.

"We hope to sign a contract with Egypt this year. A Russian loan is being looked at," he said.

Earlier, Russian Prime Minister Dmitry Medvedev said that an intergovernmental agreement on building a nuclear plant in Egypt would be drafted by the autumn of 2015. In early February 2015, when Russian President Vladimir Putin was on a visit to Cairo, the two countries signed a memorandum of understanding in the sphere of nuclear energy that among other things provided for cooperation in the construction of Egypt’s first nuclear plant.

A plant that might be built at the Mediterranean coast in Egypt with participation of Russian specialists will have four energy units with a capacity of 1,200 megawatt each. The plant is expected to be built at Al-Dabaa. Along with the power plant, it is planned to implement a water desalination project.

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