Russian company building Egypt's first nuclear plant
Cairo, Jul 22: Russian state atomic energy corporation Rosatom has begun construction of Egypt's first nuclear power plant, according to a joint statement from Rosatom and Cairo.
Egyptian President Abdel-Fattah el-Sissi and Russian President Vladimir Putin had signed the final agreement to build the plant at el-Dabaa, on Egypt's north coast, five years ago.
Rosatom chief Alexey Likhachev and Egyptian Energy Minister Mohamed Shaker on Wednesday poured concrete into what will serve as the base for the plant, marking a "historic event" for Egypt, said Shaker.
Likhachev said that Egypt has now "joined the nuclear club."
Egypt's first nuclear plant
The project, paid for with a loan from Russia, is expected to cost around $25 billion euros, according to the Egyptian media. It is planned to have four 1,200 megawatt reactors.
The statement did not specify when construction would end. In 2017, after el-Sissi and Putin signed the deal, Rosatom said the plant would be finished in either 2028 or 2029, but construction has already been delayed for several years.
According to the joint statement, the el-Dabaa plant is set to use pressurized water reactors, similar to those at Russia's Novovoronezh and Leningrad nuclear power plants.
Cairo first announced considering a nuclear plant at El-Dabaa in the 1980s, although the project was suspended after the 1986 Chernobyl disaster. But el-Sissi, who has launched multiple mega-projects since he took power in 2014, seemed determined to embark on the flagship nuclear initiative.
Under el-Sissi's rule, Egypt has worked on rapidly expanding its power generation capacity, notably with gas-fired plants built by the German company Siemens. Cairo is also planning to expand electricity exports to several Middle Eastern countries.
As the host of this year's UN climate summit COP27, Egypt is seeking to raise the share of its power generation capacity from renewable sources to 40% by 2030 and 42% by 2035.
"The plant will be the largest project of Russian-Egyptian cooperation since the Aswan High Dam," Likhachev said on Wednesday. He was referring to the 111-metre-high and 3.6-kilometer-wide dam harnessing the Nile river for hydropower and irrigation.
The Aswan High Dam, in southern Egypt, was built with Soviet support. It was a major project in the early 1950s of then-President Gamal Abdel Nasser, a key figure of the pan-Arabism ideology.
Since Russia invaded Ukraine, Egypt has not officially picked a side. Russian Foreign Minister Sergey Lavrov is heading to Cairo this weekend, where he is set to meet with the 22-member Arab League.
Still, el-Sissi has maintained close ties with the West.
Last month, the European Union turned to Egypt and its neighbor Israel in a bid to reduce to bloc's dependency on Russian natural gas.
In 2020, Egypt was one of the largest recipients of US military aid after Israel and Afghanistan, according to Statista.