The Russian atomic energy corporation, Rosatom, has agreed with Egypt’s Alexandria University to offer training sessions to Egyptian students at Russian institutes, Daily News Egypt informed. The company plans to train 1,200 Egyptian students in total next year. According to the agreement, Egyptian students will receive training and will work in Russia for at least five years in order to study in scientific and nuclear fields.

Meanwhile, Rosatom introduced Russian leading nuclear technologies at the Nuclear Energy Week in Egypt in April, reported Zawya. The event was organized by the Nuclear Power Plant Authority of Egypt (NPPA), Egyptian Nuclear and Radiological Regulatory Authority (ENRRA), Egyptian Atomic Energy Authority (EAEA), and Nuclear Materials Authority of Egypt (NMA), said the company in a statement.

According to a company’s official cited by Trade Arabia, the construction of Egypt’s first NPP will not only mark an important milestone in the development of Egypt’s energy sector, but will also give an impetus to other sectors of the economy, accelerate socio-economic and technological progress and create new jobs.

Egypt and Russia have signed two memoranda of understanding (MOU) in the field of correct uses of the nuclear energy. This included an agreement regarding the government’s framework, the stipulations for the obligations of each party in the nuclear project, as well as a loan agreement between the Egyptian and Russian Ministries of Finance in order to provide necessary financing for the project.

The Egyptian government has agreed with Rosatom to establish a 4,800 MW capacity nuclear power plant, El-Dabaa, including four nuclear reactors with a capacity of 1,200 MW each. They will operate with compact water technology, and the technology of third generation plants.

According to the agreement with Russia, the cost of the plant will be repaid over 35 years with the state’s general budget being free from any burdens. Egyptian companies will contribute 20% to the local aspects of the project.

El-Dabaa is expected to provide about 20,000 jobs during its construction period, which is expected to last 10 years.