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Tuesday, 19 July 2016

No rush for Daba’a agreement, Shaker says

The final agreement with Russia for the Daba’a nuclear power plant will be signed “soon,” Electricity Minister Mohamed Shaker told Al Borsa. “There is no rush,” he said, as the preliminary agreement with Russia lasts for 60 years. Shaker added that the government has commissioned an international law office to review the final version of the agreement and President Abdel Fattah El Sisi is also being briefed of the developments in the negotiations. However, a source denied to Al Shorouk that an agreement with Russia is almost finalized. “There are no developments in the negotiations” and news that a final date was set for signing are false. The source said negotiations are being done in secrecy and publishing false details about them “harms Egypt.” Mounir Megahed, the former head of Egypt’s nuclear plants authority, said the delay could be because of differences between the two parties on the terms of payment.

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