Russia signs nuclear power agreement with Egypt

Russian President Vladimir Putin and his Egyptian counterpart announced in early February that the two countries plan to jointly build Egypt’s first nuclear power plant, as well as boost trade relations and investments. Source: Ria Novosti/Mihail Medzel

Sources indicate that a meeting in Cairo in early February consisted of Russian President Vladimir Putin and Egyptian President Abdel Fattah el-Sisi that resulted in Russia and Egypt concluding a preliminary agreement on the construction of the first nuclear power plant in Egypt. According to a project development agreement signed by Sergei Kiriyenko, the head of Russian atomic energy agency Rosatom, and Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker, Rosatom will construct four latest-generation nuclear power plant units that include enhanced safety systems developed after the disaster at Japan’s Fukushima nuclear power plant. All the necessary agreements and contracts are expected to be signed before the end of the year. FULL REPORT