Egypt's El-Dabaa Nuclear Power Plant is expected to generate over 4.8 gigawatts of electricity, supplying around 10 per cent of the country's energy needs, according to the International Atomic Energy Agency (IAEA). In its Outlook for Nuclear Energy in Africa report, published recently, the IAEA described El-Dabaa as a "success story", saying it "will become Africa's largest nuclear facility." "Currently, Egypt is the only nation in Africa constructing a large four-unit NPP." the IAEA said. The report also emphasised that El-Dabaa's impact goes beyond power generation, citing its role in creating thousands of jobs and strengthening Egypt's capabilities in nuclear science and engineering. "Beyond electricity generation, the project is also generating thousands of jobs and advancing nuclear science and engineering expertise in the country." The IAEA highlighted the importance of concessional financing for such large-scale projects. Like other initiatives in emerging markets, El-Dabaa is funded through a low-interest loan from its Russian supplier, with extended repayment terms. This model, the agency said, could support the expansion of nuclear power across Africa, where clean energy and climate finance are urgently needed. "Such vendor financing, if available, would further the development of nuclear energy in African countries, where both clean energy and climate investment are much needed." Prime Minister Moustafa Madbouly said last week that El-Dabaa's first reactor is set to begin operations in the second half of 2028, with the remaining three reactors to be completed within a year. Attribution: Amwal Al Ghad English
