Russia reveals increasing financial allocations for nuclear projects including the Egyptian project

Russia reveals increasing financial allocations for nuclear projects including the Egyptian project

Overview

  • Release Date: April 20, 2017

The Russian government revealed that according to the documents that has been submitted in the annual report to Russian parliament that the financial allocations for state organization “Rosatom” specialized in nuclear plants establishing increased by 20% in 2016, and for the next 10 years up to more than 130 billion $.

Russian government said that financial allocations increased in 2016 comparing to 2015 including the Egyptian nuclear project in Dabaa region near to the Mediterranean.

Russian government declared that contract of building the nuclear plant is ready to sign.

Egypt and Russia reached an international governmental agreement to build four nuclear power units with 1200 megawatt capacity per unit, the project will be implemented during the next 12 years.

About Author

Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.