Egypt will get the first electricity supply from Dabaa nuclear power plant in 2024, the country’s prime minister Sherif Ismail has announced.
He said that that the plant will run under acceptable environmental safety standards. He added that Dabaa residents will be relocated.
The announcement comes following an agreement that was signed on November between Russia’s state-owned nuclear firm Rosatom and Egypt on 19 November.
The agreement was for the collaboration in the construction and operation of the nuclear power plant equipped with four NPP units at a capacity of 1200 MW each
Russia will provide finance for the construction, with repayment coming through a share of revenues over a 35-year period.
President Sisi describing the project as a major step forward for the country adding that the nuclear programme will be used for peaceful power generation purposes.
The major nuclear power plant in Egypt will provide job opportunities for youth throughout all phases of implementation.
Sergey Kiriyenko, the head of Russia’s state-owned nuclear firm Rosatom said that the Dabaa nuclear plant will be the largest Russian-Egyptian project since the Aswan dam.
Egypt has been facing an energy crisis for years, with power outages surging in the increasingly hot summers. Egyptian authorities have often attributed the power cuts to a larger fuel crisis and have been taking measures in recent months to diversify sources of energy.