Schneider Electric Eyes Part in Egypt’s Nuclear Program

Schneider Electric Eyes Part in Egypt’s Nuclear Program

France’s Schneider Electric’s CEO, Waleed Sheta, stated that the company has an eye on taking part in Egypt’s Al Dabaa nuclear power plant.

Sheta told Al Mal News: “The nuclear project is so vital for Egypt, as the company may take part in the project in 2019, after the construction works are initiated during 2017.”

Schneider Electric is targeting being responsible for energy control and distribution in the nuclear plant.

The nuclear agreement between Egypt and Russia’s Rosatom Company states that the Russian firm will construct four nuclear reactors with capacity 4800MW and with a total cost of $25b.

In related news, the Egyptian government planned to finalize the two contracts with Russia regarding Al Dabaa nuclear power plant within two months. The contracts would include clauses on technical support, operation, maintenance, and fuel depots.

Sources from the Egyptian government had stated that Egyptian and Russian officials are holding daily meetings with the technical advisor for the project, WorleyParsons, and the legal adviser, Shearman & Sterling, in order to complete the rest of the contracts.

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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