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Egypt Inks New Nuclear Power Plant Deal With Russia via Egypt Oil and Gas

Egypt’s President Abdel Fattah El-Sisi and Russian President Vladimir Putin have signed an agreement for Russia to construct a nuclear power plant to generate electricity in Egypt, the Ahram Arabic news website reported on Tuesday.

The power plant is one of several potential industrial and trade deals discussed during the Russian state head two-day visit to Egypt.

At a press conference on Tuesday, Putin said that “if final decisions are reached” regarding the power plant, construction would start straight away. He said the project would include capacity building and studies.

Egypt’s El-Sisi said Russia had great experience in nuclear power.

Cairo has sought to strengthen its ties with Moscow, against the backdrop of strained ties with its long-time ally Washington, since the ouster of Islamist president Mohamed Morsi in July 2013.

“The cooperation never ended and never will end, ” El-Sisi said at the press conference. “We see in Russia a strategic friend and a real asset to balanced foreign relations for Egypt.”

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