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Russia, Egypt sign nuclear power deal

Business Materials 25 March 2008 17:51 (UTC +04:00)

( AFP ) - Russia and Egypt signed a deal Tuesday that will allow Moscow to compete in a tender for Egypt's first civilian nuclear power station.

Russia's Rosatom nuclear energy agency chief Sergei Kiriyenko and Egypt's Energy Minister Hassan Younis signed the civilian nuclear cooperation accord at Russian President Vladimir Putin's residence just outside Moscow.

The agreement, which has taken years to draw up, opens the way for Russia to bid in an international tender for a 1.5-1.8 billion dollars (1.0-1.2 billion euros) reactor project on Egypt's Mediterranean coast.

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