Egypt is due to start producing power from its first of four nuclear reactors by 2024, the country’s Prime Minister announced, Reuters reports.

Egypt recently announced Russia’s loan to cover the cost of constructing a nuclear power plant in Dabaa that is expected to be complete by 2022. The loan is expected to be paid back over 35 years, from the proceeds of the electricity generated from the plant.

“The production capacity for each reactor is 1,200 MW. The first unit is due to start service in 2024,” Egyptian Prime Minister, Sherif Ismail, said adding that the expected lifespan of the plant is 60 years.