Russia lends Egypt $25 billion for Dabaa nuclear power plant

CAIRO– Atomstroyexport, a subsidiary of Russia’s State Atomic Energy Corporation, or Rosatom, announced Feb. 17 that 3 Egyptian business were granted a tender offer for constructing the first phase of Egypt’s Dabaa nuclear reactor. The 3 Egyptian business, completing amongst 10 others, are Petrojet, Hassan Allam and the Arab Specialists. The Egyptian federal government intends to start negotiations within the next couple of days with the Egyptian Nuclear and Radiological Regulatory Authority to acquire approval to start carrying out the Dabaa nuclear plant project. The plant will be built in…

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