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Rosatom expects to conclude Egypt NPP construction deal by year-end

December 06, 2016, 19:00 UTC+3

On November 19, 2015 Russia and Egypt signed an inter-governmental agreement on constructing the first NPP in El Dabaa

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GORKI, December 6. /TASS/. Rosatom expects to make an agreement on a nuclear power plant construction in Egypt by the end of this year, Chief Executive Officer of the Russian nuclear corporation Alexei Likhachev said on Tuesday.

"We highly expect to make the agreement with Egypt by the end of this year," Likhachev said.

On November 19, 2015 Russia and Egypt signed an inter-governmental agreement on constructing the first NPP in El Dabaa, consisting of four power units with 1,200 MW capacity each. Under the agreement Cairo is granted a $25 bln loan to build the plant. The project is to be implemented in 12 years.

The nuclear power station is expected to be built near the city of El Alamein on Egypt’s northern coast, 3.5 kilometers away from the Mediterranean Sea.

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