Egyptian First Deputy Prime Minister Vice and Minister of Defense, General Abdel Fattah al-Sisi sits in the Defense Ministry in Cairo, Egypt, 01 August 2013. Westerwelle is holding political talks with representatives from the government and the opposition. Photo by: Michael Kappeler/picture-alliance/dpa/AP Images

Moscow and Cairo have signed an agreement for Russia to build four third generation reactors in the northern city of Dabaa. It is expected to be complete by 2022.

Although it is not known how much the deal is worth, President Sisi did reveal that the project would be funded with a loan from Russia to be paid off over 35 years.

“The country and the balance sheet will not bear the cost of building this plant. It will be paid back through the actual production of electricity that will be generated by this plant,” he says.

Moscow and Cairo signed a memorendum of understanding in 2014.

“This was a long dream for Egypt, to have a peaceful nuclear program to produce electricity. This dream was there for many years and today, God willing, we are taking the first step to make it happen,” Mr Sisi says.

Sergei Kirienko, director general of Russian atomic energy agency Rosatom, said the agreement is for the construction and operation of four 1,200 MW reactors, making the country “a regional leader in terms of technology.”
Mr Sisi reiterated that: “It is a peaceful nuclear program to generate electric power and Egypt is fully committed to the treaty of non-proliferation of nuclear weapons.”

P. Antonopoulos is currently a Candidate for an MA Degree, writing his dissertation on the Saudi-Iranian Geopolitical Rivalry in the Syrian War.

You can follow him on twitter: https://twitter.com/oulosP

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Anton Poigner Woisinger
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Anton Poigner Woisinger

Egypt should be very careful, Nixon promised 1974 Sadat to atomic power stations and had to resign, Israel destroyed the atomic power station Osirak and destroyed such a power station in Syria.

Stein Atle Bauge
Guest
Stein Atle Bauge

The CIA assasinated a cabinet minister in Germany in the 80s thus stopping a nuclear energy program there.
It has to do with preventing unwanted economic development and independence.
They know full well that the iranian nuclear energy program threatens no one.
this is why US-affiliated NGOs run campaigns against nuclear power, thus ending what was left in Germany f.ex.
But the time for this may be passed now.