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Construction of nuclear power plant seen as an act of trust

On 11 December 2017, Director General of ROSATOM Aleksei Likhachev and Egypt’s Minister of Electricity And Renewable Energy Mohamed Shaker signed the notices to proceed with the contracts for the construction of the El Dabaa nuclear power plant, the Rosatom press service informed. The signing ceremony was held in the presence of the President of the Russian Federation Vladimir Putin and the President of the Arab Republic of Egypt Abdel Fattah El Sisi. According to the signed contracts, ROSATOM will build four VVER-1200 units of the El Dabaa NPP in the Matrouh region on the Mediterranean coast and will supply nuclear fuel throughout the plant’s entire operational lifetime. This will help ensure competitive electricity pricing in Egypt over a period of 60 years. Rosatom will also train personnel and will assist its Egyptian partners with the operation and maintenance of the El Dabaa NPP for the first ten years of its operation. As part of yet another contract, the Russian side will construct a purpose-built storage and supply containers for storing spent fuel. 

The project to build a nuclear power plant abroad will traditionally bring a whole range of bonuses to the Russian side, First Vice President of the Russian Union of Engineers Ivan Andrievsky told the media, BelTA has learned. Firstly, this is an opportunity for Rosatom to expand its order intake, test out the most the promising technologies, demonstrate the quality of work that can attract other Middle Eastern customers. Secondly, it is a political union. The construction of a nuclear power plant is an act of trust. Long-term cooperation in such a technically complex and challenging area involves close, trust-based relations with Egypt that will strengthen our partnerships not only in the field of high technology and construction but also in economy, geopolitics, global security. Thirdly, Egypt will receive from Russia a large loan for the NPP construction for a period of 13 years under the interest rate of 3% per annum.