Russia intends to take part in a tender to build a nuclear power plant in Egypt within the framework of developing cooperation in the country's nuclear power sector, the Russian industry and trade minister said.
Egypt is set to construct four nuclear power reactors by 2025, with the first of them to be put into operation in 2019.
"In this regard we [Russia] as well as other participants are preparing for the tender," Viktor Khristenko said at a news conference in Cairo.
Egypt is expected to announce the tender for the construction of the nuclear power plant by the end of the year.
"Russia is ready to offer its vast experience, its high-technology solutions and financial assistance to the project," Khristenko said.
In March 2008, during Egyptian President Hosni Mubarak's visit to Moscow, Russia and Egypt signed an agreement on cooperation in the civilian nuclear sector. The document stipulates Russia's right to participate in tenders to build nuclear power facilities in Egypt.
In 2009, the Egyptian authorities officially invited Russia to participate in a tender to build Egypt's first nuclear power plant.
Egypt, which possesses large reserves of uranium ore, has two experimental nuclear reactors, one constructed in 1958 by the Soviet Union and the other bought from Argentina.
CAIRO, March 11 (RIA Novosti)