Egypt, Russia sign deal to build a nuclear power plant

November 19, 2015 2:19 PM

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JERUSALEM Egypt and Russia signed an agreement on Thursday under which Russia will build a nuclear power plant in Egypt, President Abdel Fattah al-Sisi said in comments on state television.

Sisi did not give any value or timeframe for the project but said it would involve the building of a third-generation power plant with four reactors. It is not clear where it will be built or how it will be paid for, but Sisi talked of a loan that would be repaid over 35 years.

Also read: Iran says Europe's proposals not enough to save nuclear deal: IRNA

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