Egypt and Russia signed a contract on Monday for the building of Egypt's first nuclear power plant, during a visit to Cairo by President Vladimir Putin.

The contract to build the plant in Dabaa on the Mediterranean coast was signed during a live ceremony shown on state television and attended by the Russian leader and Egyptian President Abdel Fattah al-Sisi.

"By realising this project, Egypt will obtain not just the nuclear plant but also access to the most modern and safe technologies," Putin said after the signing.

The contract was signed by the head of Russian state nuclear company Rosatom, Alexei Likhachev, and Egypt's electricity and renewable energy minister, Mohamed Shaker.

A statement by Rosatom said it would build four 1,200-Megawatt reactors "as well as supplying nuclear fuel throughout the plant's entire operational lifetime".

"This will help ensure competitive electricity pricing in Egypt over a period of 60 years," it said.

Rosatom also said it will train the plant's personnel and help Egypt run and maintain the plant for its first 10 years of operation.

Russia's state news agency TASS reported the cost of the plant at around $30 billion (around 25 billion euros).

The first unit at the Dabaa plant will be commissioned by 2026, Rosatom said.

"Relations between the two countries have a long history and are strong and continuous," Sisi said after the signing ceremony.

He said future projects between Russia and Egypt were also being studied.

The two countries signed two agreements in November 2015 for Russia to finance and build the Dabaa plant.

Sisi announced the project in February that year during a visit by Putin, when a memorandum of understanding was signed.

Initial work on the project took place in the early 1980s during the regime of president Hosni Mubarak, who was ousted in January 2011, but it later halted over disputes with local residents after the 1986 Chernobyl disaster.

In Monday's talks, "we discussed another promising project, the creation in Egypt of a Russian industrial zone", Putin said.

"It will be the largest centre producing and exporting Russian goods to markets in the Middle East and Africa... We expect the volume of total investment in the project to reach $7 billion."

As Egypt eagerly awaits commercial Russian flights to Egypt to restart, Putin said that procedures for a resumption were still under way.

Moscow suspended flights to Egypt in 2015 after the Islamic State group said it had bombed a Russian airliner carrying holidaymakers from a Red Sea resort popular with Russian tourists, killing all 224 people on board.

The plane crash and subsequent suspension badly hit Egypt's tourism sector, which was already reeling from the political and security turmoil that followed the uprising that toppled Mubarak.

"Russian security services have reported that in general we are ready to open direct flights between Moscow and Cairo. We would need to sign the relevant inter-governmental protocol," Putin said.

"We will try to sign it in the nearest future."

Tweet

AREVA NP Maintenance Technique Reduces Frequency of Component Inspections at Two Exelon Plants
Washington DC (SPX) Dec 11, 2017
The Nuclear Regulatory Commission (NRC) recently granted inspection relief to Exelon's Byron Unit 2 and Braidwood Unit 1 following use of AREVA NP's innovative cavitation peening mitigation technique on each unit's reactor vessel closure head (RVCH). With this approval from the NRC, Exelon can now start the transition from inspecting the components every 18 months to once every 10 years. A ... read more

Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only