Russia lends Egypt $25 billion for Dabaa nuclear power plant
Experts warn that all safety and security precautions must be taken before the Dabaa nuclear plant in Marsa Matrouh is established, and they fear the impact of the massive Russian loan of $25 billion on the rise of Egypt's external debt.
CAIRO — Atomstroyexport, a subsidiary of Russia’s State Atomic Energy Corporation, or Rosatom, announced Feb. 17 that three Egyptian companies were awarded a tender offer for constructing the first phase of Egypt’s Dabaa nuclear power plant.
The three Egyptian companies, competing among 10 others, are Petrojet, Hassan Allam and the Arab Contractors.
