Egypt to Finalize Nuclear Plant Contracts Fast

Egypt to Finalize Nuclear Plant Contracts Fast

In a meeting with Prime Minister, Sherif Ismail, Electricity Minister, Mohamed Shaker, and the Head of the Armed Forces Engineering Authority, Major General Kamel al-Wazir, President Abdel Fattah Al Sisi drew attention towards the importance of finalizing the contracts needed for the construction of the Dabaa nuclear station as soon as possible, Egypt Independent reported.

Fast Mail reported that during the meeting, Shaker shared the outcomes of his recent visit to Moscow. A new plan to provide electricity to the new cities – Ismailia, New Port Said, New Suez, New Alamein, New Minya, New Assiut city, and the administrative capital – was also discussed, informed the State Information Service.

The Electricity Minister had traveled to Moscow to settle all the issues between the Egyptian and the Russian sides before proceeding to the next stage and signing the contracts. The details of the construction, maintenance, and the operation of the station, were all covered.

The legal and technical issues that caused the delay in signing the contract are all resolved and an Italian consultancy firm had revised the contract terms that bind Cairo and Moscow.

Since 2015, Egypt has been negotiating plans with the Russian company for nuclear power, Rosatom, to fund and construct a nuclear power station in Dabaa. The project is set to be completed by 2022 following a presidential approval of the Russian $25b loan to Egypt issued in mid May 2016.


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