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Egypt to generate electricity from Dabaa nuclear plant in 2024

Staff writer |
Egypt is set to generate electricity from the first unit of the Dabaa nuclear power plant in 2024, Prime Minister Sherif Ismail said.

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Ismail made the comments in a televised speech at the launch ceremony of the East Port Said harbour development project.

Egypt signed the nuclear plant deal with Russia’s state-owned nuclear firm Rosatom on 19 November.

Moscow will provide finance for the construction, with repayment coming through a share of revenues over a 35-year period.

Egypt will pay for the power plant with proceeds from “the actual production of electricity” from this plant, President Abdel Fattah al-Sisi said at a press conference following the signing ceremony.

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