Egypt has concluded contracts to finance, supply, and maintain its planned nuclear power plant at El Dabaa, according to the Minister of Electricity and Renewable Energy, Mohamed Shaker, Egypt Oil & Gas reports.

The minister’s comments were made during a speech at the International Atomic Energy Agency (IAEA) General Conference.

Egypt is working with Russia to develop its civil nuclear program, Shaker said. The plant will help offset the growing energy demand caused by economic and industrial growth.

The El Dabaa plant is projected to contain four electricity-generating plants powered by nuclear energy. Each plant will have an operating capacity of 1,200 megawatts (MW).

The proposed nuclear plant is part of the ministry’s strategy to diversify its energy sources, Shaker noted.