Egypt will lay foundation stone of Dabaa Nuclear Plant this April, after Egypt and Russia signed all contracts concerning establishing and running the project, a source of Electricity and Renewable Energy Ministry said on Monday. The plant is expected to kick off with a total generation capacity of 4,800 megawatt. The Russian part is reviewing the last three contracts that obligate Russia to supply the nuclear fuel for 60 years, re-use the fuel in investments, as well as the maintenance of the first stage of the project. Egypt has suffered from electric power shortage since 2012, which led the government to pump approximately EGP 7.32 billion (133.2mln $) to run and establish new power plants nationwide. The idea of establishing a nuclear plant in Egypt was raised in the 1980s, but was killed after the explosion of Chernobyl nuclear plant in Ukraine. In 2007, former President Honsi Mubarak announced that Egypt would build a nuclear plant at Dabaa area, in the North-Western coast of the Mediterranean Sea. In November 2015, President Abdel Fattah al-Sisi signed with Russia's Vladimir Putin an agreement to establish the Dabaa Nuclear Plant in North-West Egypt. The project costs $29 billion, where Russia funds $25 billion and Egypt pays $4 billion.
