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Egypt is firming up a deal with Russia for nuclear power plants, while Saudi Arabia is stepping up its own nuclear pursuit. Meanwhile, construction continues apace in the UAE and Iran is building a second plant.
Egypt is aiming to sign an intergovernmental agreement with Rosatom shortly for four nuclear power plants, having signed a preliminary agreement with the Russian state nuclear firm for a first unit in the run-up to a major economic investment conference at Sharm al-Shaikh in mid-March.
“Technical specifications and the number of nuclear power units, as well as the key commercial terms, have been agreed upon,” Russian Prime Minister Dmitry Medvedev told Egyptian daily al-Ahram. “They will be included in a new intergovernmental agreement, which is almost ready for signing. Russia can supply the latest power units to Egypt, which are equipped with safety systems developed following the Fukushima-1 accident. We hope that the document will be signed during the next bilateral meeting at the highest level.”
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