FinMin: Egypt economy expands, budget surplus at record high    Egyptian pound ticks down in early Tuesday trading    Egypt, Senegal sign pharma MoU to unify regulatory standards    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    CIB completes fifth securitisation issuance for B.TECH worth EGP 859.4m    Madbouly reviews legalisation of newly annexed lands to new cities, housing offerings    Egyptian Countryside Development chief discusses cooperation with Italian ambassador    Roche helps Egypt expand digital pathology and AI diagnostics    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt exports 175K tons of food in one week    Egypt, Somalia discuss closer environmental cooperation    Egypt's Health Minister reviews upgrades at Gustave Roussy Hospital    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    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    Egypt, Uruguay eager to expand trade across key sectors    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    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.



First batch of Dabaa Nuclear Plant loan to be received next month
Construction work to begin in 2020,
Published in Daily News Egypt on 12 - 12 - 2017

Russia will be providing the first batch of the loan allocated for Dabaa Nuclear Power Plant next month in order to conduct designs and continue the studies, according to sources at the Ministry of Electricity.
The sources said that El the Dabaa plant is in the implementation phase, requiring expenses to complete the designs of the nuclear reactors, in addition to safety and security reports, as well as hiring specialists to work inat the plant.
The reports and designs offor the plants that were previously implementedcompleted by Russia are available., Hhowever, reports and designs suitable withto the nature of Egypt in terms of climate and environmental impacts, as well as nuclear safety, must be conducted, according to the sources.
They explained that the actual start of the construction work will be in 2020 after obtaining approvals for the project's precise location, designs, and characteristics.
Establishing the plant is subject to a number of procedures, including ag permission to accepting the location of the plant, in addition to a review of the studies, characteristics, and environmental impact, and a permission to start the implementation after reviewing the first report ofn the plant.
The sources explained that operation licenses will be issued after all the aforementioned procedures are taken, and the plant is then subject to inspection and supervision throughout its entire operational life.
Minister of Electricity and Renewable Energy Mohamed Shaker told Daily News Egypt that the commercial operation of the first reactor in the plant, of 1,200 MW capacity, will be in 2026. Capacities of the second, third, and fourth reactors will be added to the plant respectively, producing a total of 4,800 MW by 2028.
He added that Egypt will start repaying the first portion of the Russian loan in 2029, upon the commercial operation of all units, as the energiesy produced from the plant is sold.
He added that the peaceful Egyptian nuclear programme will lead to introducing new industries and will improve the quality of Egyptian industry, in accordance with the quality standards required for nuclear industries.
It will also lead to developing the abilities of local industries in the field of manufacturing electric and mechanical equipment used in nuclear plants.
The percentage of local contributioncomponents in the first and second units will increase from 20% to 25%, and then gradually increase to reach 30% in the fourth unit, according to the minister of electricity.
He stressed that El the Dabaa plant will play a major role in the diversification of energy in Egypt and enhancing its regional and international position.


Clic here to read the story from its source.