Russia's President Vladimir Putin shakes hands with Egypt's President Abdel Fattah al-Sisi on 11 December 2017 after a news conference in Cairo where they signed a deal for a new nuclear plant, which will be Egypts first.
CAIRO - Egypt and Russia signed a final contract on Monday for the building of Egypt&39;s first nuclear power plant, during a visit to Cairo by President Vladimir Putin.
The contract to build the plant in Dabaa on the Mediterranean coast was signed during a live ceremony shown on state television and attended by the Russian leader and Egyptian President Abdel Fattah al-Sisi.
The contract was signed by the head of Russian state nuclear company Rosatom, Alexei Likhachev, and Egypt&39;s electricity and renewable energy minister, Mohamed Shaker.
Egyptian media reports put the cost of the plant at around $30 billion.
The two countries signed two agreements in November 2015 for Russia to finance and build the power plant, with four 1,200 megawatt reactors, in Dabaa.