Egypt to finalize contracts for nuclear power plant by the end of this year

Image from http://english.ahram.org.eg

Egypt expects to finalise contracts before the end of 2017 for its first nuclear power plant with 4,800 megawatt (MW) capacity, Electricity Minister Mohamed Shaker said on Tuesday.
 
Egypt signed an agreement in November 2015 for Russia to finance building and operating the plant.
 
Egypt’s official gazette said last year the loan was worth $25 billion and would finance 85 percent of the value of each work contract, services and equipment shipping. Egypt would fund the remaining 15 percent.
 
The plant will be built in Dabaa, a site in the north of the country that Egypt has been considering for a nuclear plant on and off since the 1980s. The first of four planned reactors is expected to begin producing power in 2024.
 
Egypt, with a population of nearly 95 million and vast energy needs, wants to diversify its energy sources.
 
As well as building a nuclear plant, Egypt said last year it was expand its solar and wind power capacity over three years to add 4,300 MW of capacity.

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06
• SIAM: Moroccan, International Companies Showcase I... 05-03