Approval of three contracts for construction of a nuclear power plant in Egypt will start the construction process, Russian Foreign Minister Sergey Lavrov said on Monday after the talks with Egyptian Foreign Minister Sameh Shukri.
“As for the construction of a nuclear power plant, the main contract was signed in December 2016. At the final stage there are three more contracts – the signing will allow the construction process to be launched in practical terms,” he said.
“We have many other large-scale projects, the discussion of the nuclear power plant project is still in progress,” Lavrov said. “I hope that the forthcoming meeting of the intergovernmental commission in September will help advance the issue and the project of creating an industrial zone on the banks of the Suez Canal with participation of Russia,” he added.
The Russian foreign minister also expects that in the next 1-3 months consultations will begin, and after that – full-fledged negotiations between the EAEU and Egypt on the possibility of creating a free trade zone.
Russian Foreign Minister Sergey Lavrov discussed on Monday with his Egyptian counterpart Sameh Hassan Shoukry the economic and trade relations between the countries, as well as the construction of the first Egyptian nuclear power plant (NPP).
“We have discussed the state of relation between Russia and Egypt in trade, political, economic, investment, humanitarian spheres… In particular, it is about the projects which are aimed at giving impetus to Egypt’s technological development, I mean the construction of the first Egyptian nuclear power plant, creation of the Russian industrial area in Egypt,” Lavrov said at a briefing.
Lavrov added that the implementation of the joint projects would bring the bilateral relations to a new strategic level and allow to prepare new qualified personnel.
Russia and Egypt signed an intergovernmental agreement on the construction of the Dabaa NPP, consisting of four nuclear power units, 1,200 megawatt (MW) each, on the Mediterranean Sea coast in November 2015. It is set to become the largest construction project carried out by Russia and Egypt since the Aswan Dam built across the Nile between 1960 and 1970.
Lavrov alongside with Defense Minister Sergei Shoigu paid a visit on Monday to Egypt to meet with the country’s top officials, including their counterparts, Egyptian Foreign Minister Sameh Hassan Shoukry and Defense Minister Sedky Sobhy.