Egypt to Sign Nuclear Deal in 2016

Egypt to Sign Nuclear Deal in 2016

An Egyptian governmental source stated that Russian Rosatom will complete surveying the location and data analysis for the construction of the Dabaa nuclear power plant within November to pave the way for the contract signing in December, reported Al Borsa.

The source added that Rassia has finalized all financial and legal aspects of the agreement. Furthermore, a detailed report of current discussions with Rosatom and the contract terms was presented to the Egyptian President, Abdel Fattah El Sisi. The commercial contract addressed four dimensions, including the construction agreement, fuel purchasing terms, knowledge sharing and operational support, and lastly the development of fuel tankers.

Al Dabaa’s Operational Consultant, Yassin Ibrahim, said that Rosatom will start designing the power plant after the contract is signed, then the firm will present the designs to the nuclear regulatory and the environmental regulatory in Egypt. Accordingly, the Egyptian Nuclear Power Authority provided a list that contains 20 local companies to Rosatom as suggestions for the Egyptian partner in the project. The list includes Orascom Construction, Swedy Electric, Hassan Allam, Petrojet, and the Arab Contractors (El-Mokawloon El-Arab).

Sarah Samir 2950 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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