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Egypt and Russia will sign an agreement on cooperation in the nuclear field

The energy Minister of Egypt Muhammad shaker said that in the near future Egypt is going to sign with Russia a comprehensive agreement on cooperation in the sphere of peaceful atom. The announcement was made at an IAEA conference held in Abu Dhabi.

«We are well advanced in the preparation of all strategic agreements with our strategic partner — the Russian Federation. We have also completed all technical, financial and legal aspects», — quotes the Minister Agency RIA Novosti.

According to policy, Egypt has reserves of traditional energy sources, and diversification of the industry is crucial – especially given the restrictions on industrial emissions. Carbon better to use as raw material for the chemical industry, not as a fuel.

In early September, 2017 Egypt has approved an agreement to build a nuclear power plant in Dabaa near Alexandria. President Abd al-Fattah al-Sisi has invited his Russian counterpart Vladimir Putin to take part in the ceremony of laying the first stone.

In accordance with the agreement on nuclear power plants built by Rosatom Corporation, will have four power units of 1.2 GW. Russia will provide a loan of $ 25 billion, which is about 85% of the estimated cost of the project.

Egypt and Russia will sign an agreement on cooperation in the nuclear field 30.10.2017

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