The Indian Republic Revenue From Egypt Nuclear Plant to Stand at Two Times Construction Cost While the first deal signed on Thursday commits Russian Federation to building the plant, the second one stipulates that Moscow will grant a 35-year loan to Egypt for the construction of the facility. "The first nuclear plant will make Egypt a regional technology leader and the only country in the region with a generation 3+ NPP", Kiriyenko said, adding that the first Russian specialists are now at the site in Dabaa, equipment will arrive at the site in early December and survey work will begin. The Egyptian authorities said in August 2010 that they intend to build an NPP in El Dabaa on the Mediterranean coast and expect to start operating the first generating unit in 2019. "It will be paid back through the actual production of electricity that will be generated by this plant", he said. Read more: http://theindianrepublic.com/revenue-from-egypt-nuclear-plant-to-stand-at-two-times-9443.html Hellenic Shipping News Egypt reduces arrears owed to oil firms to $2.7 bln –minister Egypt reduced its arrears to foreign oil companies to $2.7 billion at the end of October, petroleum minister Tarek El Molla said on the sidelines of an energy company forum in Bahrain. "2.7 (billion) is an achievement...our partners are happy, don't worry," said El Molla. The oil ministry owed the companies $3.1 billion at the beginning of 2015. Read more: http://www.hellenicshippingnews.com/egypt-reduces-arrears-owed-to-oil-firms-to-2-7-bln-minister/
