Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Dabaa nuclear plant final contract to be completed
A misplaced comma in the contract may cause crisis, says Minister of Electricity
Published in Daily News Egypt on 17 - 07 - 2016

The Ministry of Electricity and Renewable Energy will sign the final contract for the Dabaa nuclear plant soon, the minister Mohamed Shaker said. It is a binding contract between Egypt and Russia that will remain in effect for 60 years.
Shaker told Daily News Egypt that the government contracted with a global legal advisory office to review the last version of the contract. He said that a misplaced comma in the contract may cause crisis.
President Abdel Fattah Al-Sisi personally encouraged the Dabaa nuclear plant, said Shaker. The general trend of the state includes the construction of a nuclear plant that can produce peaceful energy and the creation of a technical school of nuclear science to keep pace with global development and to diversify energy production sources, he explained.
The government agreed with the Rosatom State Atomic Energy Corporation (ROSATOM) to establish a nuclear power plant with a capacity of 4,800 megawatts. The agreement includes signing four contracts for the engineering, supply, operation, and maintenance of the power plant for about 10 years. It also includes supplying fuel for 60 years (the operating life of the power plant) and storing burning fuel for 10 years.
Shaker said that the Ministry of Petroleum contributed to overcoming the power outage crises. He added that the Ministry of Petroleum responded to all the submitted requests.
The maintenance company is working on the feasibility studies of the plants that Siemens plans to launch in cooperation with the ministries of oil, electricity, and military production, he said.
The cabinet approved the purchase of electricity and petroleum products that are being produced by the garbage recycling factories at trial prices of 92 piastres per kw/h, with payment in Egyptian pounds.
Shaker emphasised that the government and the Ministry of Electricity did not change its feed in-tariff projects decision that was announced in September 2014.
"We cannot provide US dollars to companies because the payment will be in local currency and the arbitration will be inside Egypt according to the feed in-tariff programme in 2014," Shaker said.
He added that the ministry is ready to sign an agreement with the investors at any time to purchase energy.


Clic here to read the story from its source.