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Rosatom may sign a contract on NPP construction in Egypt within the next few days
Rosatom may sign a contract on NPP construction in Egypt within the next few days. Abdel Fattah Saeed Hussein Khalil el-Sisi, President of Egypt announced that at present a delegation of Russian specialists resides in Egypt introducing last amendments to the contract on the NPP construction.
Rosatom may sign a contract on NPP construction in Egypt within the next few days. Abdel Fattah Saeed Hussein Khalil el-Sisi, President of Egypt announced that at present a delegation of Russian specialists resides in Egypt introducing last amendments to the contract on the NPP construction.
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An intergovernmental agreement on the construction by Russia of a nuclear power plant in Egypt may be signed on Wednesday after the talks in Moscow between the countries’ leaders. Egyptian President Abdel-Fattah El-Sisi began his three-day working visit to Russia on Tuesday and is scheduled to meet with Russian President Vladimir Putin on Wednesday.
Ibrahim al-Asiri, Electricity Ministry adviser and former chief inspector for the International Agency for Atomic Energy said that the Russian Rosatom company has been chosen to construct the plants after American, Korean and Chinese offers were rejected. The offers of other countries were rejected because they were incomplete and insufficient while Russia presented a very detailed project, he added.
According to Ibrahim al-Asiri Russia and Egypt may sign The Memorandum of Understanding to build two Russian-designed nuclear power plants in Dabaa. The cost of the two plants will amount to US$5 billion. Egypt will repay the costs to Russia over a two-year period, said Ibrahim al-Asiri. Russia will include a minimum of 20 percent of Egyptian manufacturing components in the first plant and 35 percent in the second plant, he mentioned. The total production capacity for the two plants is expected to be 2,400 megawatts. Additionally, there will be a need for 32 tons of nuclear fuel to run each plant for a year.
In early February 2015, during the visit of Vladimir Putin, President of the Russian Federation to Cairo the two countries signed a document on mutual understanding in nuclear energy sphere that in particular envisages cooperation in building the first NPP in Egypt. Vladimir Putin said that Russia may not only construct an NPP in Egypt but also create a whole nuclear power industry in the country.
