CAIRO: Russia’s state-owned Rosatom chief Sergei Kirienko arrived in Cairo Thursday to sign a contract for the construction the first Egyptian nuclear power plant (NPP) in the Mediterranean city of Dabaa, Youm7 reported Egyptian officials.
The contract will be signed between the Egyptian Ministry of Electricity and Rosatom to build the eight-reactor plant. President Abdel Fatah al-Sisi is expected to attend the signature ceremony Thursday, according to an official at the Egyptian Ministry of Electricity.
President Sisi recently directed the Cabinet ministers to finalize all technical and legal procedures needed to construct the power facility.
The plant’s construction is to be accomplished in two phases; Russia will build four reactors, while the other four reactors will be offered for an international tender. Each reactor will produce 1,200 megawatts of electricity. The construction works are scheduled to start in mid-2016 to be completed by 2022. Costs of all four reactors are estimated at $20 billion as $5 billion for each, per the contract.