Russia, Egypt to sign nuclear energy deal

March 23rd, 2008 - 7:27 pm ICT by admin  

RIA Novosti
Cairo, March 23 (RIA Novosti) Russia and Egypt will sign an agreement on cooperation in civilian nuclear energy next week, Egyptian Foreign Minister Ahmed Abul Gheit said Sunday. The document will be signed during the upcoming visit by Egyptian President Hosni Mubarak to Moscow March 24-25, Gheit said.

“This agreement will enable Egypt to use Russia’s extensive experience in the peaceful use of nuclear energy,” the Egyptian minister said.

A source in Egypt’s electricity and energy ministry earlier said the document will lay the foundation for nuclear energy cooperation between Egypt and Russia and will strengthen relations between Russian companies and Egypt.

However, the agreement will not automatically allow Russian companies to build nuclear power plants in Egypt, he said.

“Companies will be selected at an international tender to be announced by the Egyptian government at the end of the year,” the source said.

Nabil Rashwan, an expert on Russia, however, said the agreement would allow Russia to build nuclear power plants in Egypt, train personnel and supply nuclear fuel, adding that cooperation with Russia was more advantageous than with the US that imposed tough restrictions, including regular inspections and control.
RIA Novosti

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