Russian media said Monday that Egypt has finalised a deal to build a nuclear power plant with funding from Moscow after nearly two years of negotiations.
The reports came after Egypt’s President Abdel Fattah al-Sisi met with Russian President Vladimir Putin in China, where they were attending a summit.
The nuclear plant will be built in Dabaa, about 130 kilometres (80 miles) northwest of Cairo on the Mediterranean coast.
Egypt’s presidency says al-Sisi has invited Putin to Egypt to mark the start of construction.
In 2015, Egypt signed an agreement with Russia to build a four-reactor power plant. It will receive a $25 billion Russian loan to cover 85 percent of the plant, with a capacity of 4,800 MW.
Source: The Associated Press