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Russian Company to Build Egypt’s First Nuclear Plant

FILE - The logo of Russian state nuclear monopoly Rosatom is pictured at the World Nuclear Exhibition 2014, the trade fair event for the global nuclear energy sector, in Le Bourget, near Paris, Oct. 14, 2014.

Russia has signed an agreement to build Egypt’s first nuclear power plant, in a televised ceremony attended by Egyptian President Fattah al-Sissi.

Egypt's nuclear energy agency and Russia's Rosatom company signed the deal pertaining to the Dabaa nuclear power station project Thursday in Cairo.

Sissi said Russia will finance the project through a loan to Egypt, the most populous Arab country, with close to 90 million people.

Construction of the power plant is not expected to begin for several years.

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