- Nulclear plant to be built 75 miles south of Cairo is expected to be finished in 12 years
- It will consist of four reactor units, each capable of generating 1,200 megawatts
The deal was signed by Sergei Kirienko, the head of Russia's state nuclear corporation, Rosatom, and Egypt's Minister of Electricity and Renewable Energy Mohamed Shaker, Rosatom's press service told RIA Novosti.
The plant is expected to be operational within 12 years, the report said.
Rosatom chief: Plant to meet international safety standards
It will be comprised of four nuclear power units, each of which can generate 1,200 megawatts, according to the report.
Kirienko said plant will meet international safety requirements.
The plant in Dabaa, about 130 kilometers (75 miles) south of Cairo, "will be the largest joint project between Russia and Egypt since the Aswan Dam was set up. This is truly a new page in the history of bilateral intergovernmental relations," Kirienko said, according to the report