BREAKING: Egypt, Russian sign contract to build Dabaa NPP 
Sisi welcomes Putin

CAIRO: The Egyptian Ministry of Electricity and Russia’s state-owned Rosatom signed Thursday a contract for the construction the first Egyptian nuclear power plant (NPP) in the Mediterranean city of Dabaa, Youm7 reported.

Rosatom chief Sergei Kirienko signed the contract to build the eight-reactor power plant.  Four days ago President Sisi directed the Cabinet ministers to finalize all technical and legal procedures need to construct the NPP.

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.

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