Rosatom Seeks to Build Four Egypt Reactors in Regional Push

Rosatom Corp. is in final talks toward a contract to build four reactors in Egypt as the Russian nuclear power company pushes to expand across the Middle East, one of the world’s most attractive markets for atomic power, a Rosatom official said.

The company is negotiating with the Egyptian government to sign a deal by the end of the year to do engineering, procurement and construction work for the El-Dabaa nuclear project, Anton Moskvin, vice president for marketing and business development, told reporters Wednesday in Abu Dhabi. Russian and Egyptian officials are discussing terms of a loan for the work, and Rosatom targets completing the plants in 2022 once the contract is signed, he said.