News

10.02.2015

RUSSIA HELPS EGYPT TO EXPLORE OPPORTUNITIES OF NUCLEAR POWER PLANT CONSTRUCTION

 

On 10 February 2015, during the official meeting of the President of the Russian Federation Vladimir Putin with the President of the Arab Republic of Egypt Abdel Fattah El Sisi, parties positively discussed joint accomplishment of the new nuclear power plant construction project. Within the framework of the visit Russian State Atomic Energy Corporation Rosatom and Egyptian Ministry of Electricity and Renewable Energy have agreed to launch detailed discussions on the prospective project and responsible organizations Rusatom Overseas and Egyptian Nuclear Power Plants Authority have strengthened the agreement by signing a Project Development Agreement (PDA) which sets the configuration of the nuclear power plant with desalination complex and key areas of related cooperation.

 

Sergey Kirienko, Director General of ROSATOM Corporation:

“The Project Development Agreement that has been signed today provides for the construction of two nuclear power units; on the whole, it is planned to construct four units. Now, in a very short period of time, we need to prepare for signing two intergovernmental agreements – one on nuclear power plant construction and one on financing. During the negotiations, we have been set a task to perform at a maximum speed, and “Rosatom” is ready for that.”