Egypt’s Nuclear Power Plants Authority (NPAA) and global consultants WorleyParsons are resuming feasibility and technical studies for establishing a nuclear power plant at Marsa Matrouh, reported Al Borsa.

A source with NPAA stated that the primarily studies proved the Negila district of Marsa Matrouh is suitable for constructing two third generation nuclear plants with a total production capacity of 2800MW and investments worth $14b. Furthermore,  NPAA is negotiating with Marsa Matrouh governorate to assign 30 km land at Negila for the plant’s construction. However, construction will not start before the establishment of Dabaa nuclear power plant, and the completion of further studies on the Matrouh project.

NPAA received offers from South Korea, China and France to construct the plant, but it will not review the offers until they conclude all necessary studies and receives required approvals. After which, the construction work will be tendered off in a bid round.

This comes as Egypt has signed a contract with Russia on the development of Dabaa Nuclear plant that will also use third generation technology, and has a total production capacity of 4800MW. The project will cost $30b which will be covered by a $25b Russian loan over a 13-year period until 2028, at 3% interest rate. The remaining 15% of funding will be covered locally.