Russian Federation to finance Egypt's nuclear power plant
Source: Newzy
Sergey Kiriyenko, general director of Rosatom, said the Dabaa nuclear plant will be the largest Russian-Egyptian project since the Aswan High Dam and will mark a "new chapter" in bilateral relations between the countries.
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The timing of the deal is significant as it comes not long after a Russian-operated airline went down in Sinai on October 31, killing all 224 people on board.
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Egypt has been considering building a nuclear power plant since the 1980s, but Cairo froze construction plans after the 1986 Chernobyl disaster in Ukraine, only announcing its intention to revive them in 2006, under former President Hosni Mubarak.
Current President Sisi said Egypt is seeking to diversify its energy sources, and the "peaceful-purpose" nuclear plant would meet all the worldwide safety requirements. As well as a nuclear plant, Sisi has talked of building solar and wind energy facilities in the coming three years to generate around 4,300 megawatts of power.
Egypt's nuclear programme was given fresh impetus following the election of Al-Sisi in May 2014.
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Read more: http://newzy.net/2015/11/25/russian-federation-to-finance-egypts-nuclear-power-plant.html
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