10:43 GMT +307 December 2019
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    Head of Rosatom Corporation Sergey Kirienko.

    Revenue From Egypt Nuclear Plant to Stand at Two Times Construction Cost

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    The revenue from Egypt's first nuclear power plant will amount to the double of its building expenses, CEO of Russian state nuclear corporation Rosatom Sergei Kirienko said Thursday.

    CAIRO (Sputnik) — Moscow and Cairo signed an intergovernmental deal on the construction of a nuclear power plant in Egypt earlier in the day.

    "This contract concerns not only the construction, but also the supply of fuel, repairs, meaning that the total revenue will be around two times higher than the cost of construction of the nuclear power plant," Kirienko told RIA Novosti.

    According to the Rosatom head, the plant will take around 10 years to build and will be in operation for around 80 years.


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