Schneider Electric Russia has begun negotiations with Rosatom to participate in Dabaa nuclear plant in the upcoming period.

Contracts between Egypt and Russia for the Dabaa nuclear plant should be finalized by the end of 2017.

The Minister of Electricity and Renewable Energy, Mohamed Shaker, signed a protocol with the Minister of Investments and International Cooperation, Sahar Nasr, for two investments worth EGP 2 million to clear the land allocated for the El Dabaa Nuclear Power Plant.

Egypt and Russia are close to signing the final contract on the construction of Dabaa nuclear power plant.

The Egyptian Presidential Office is reviewing Dabaa nuclear power plant agreements in preparation for the signing ceremony.

Rosatom will complete surveying the location and data analysis for the construction of the Dabaa nuclear power plant within November to pave the way for the contract signing in December.

Russia will loan Egypt $25b to finance building and operating a nuclear power plant in the country. Egypt's President, Abdel Fattah Al Sisi approved the loan, which would be paid off over 35 years.

Egypt's President, Abdel Fattah El Sisi, asserted that nuclear energy plays a vital strategic role for the country in terms of increasing its power generation capacity necessary for accomplishing social and economic development plans.

Electricity Minister, Mohamed Shaker said that Egypt and Russia will reach a final agreement on the technical, financial and technological details of the Dabaa Nuclear Plant in January.