Russia signs Egypt nuclear power deal

22 November 2015

Deal involves the supply of four reactor units

Cairo and Russian state nuclear provider Rosatom signed an agreement on 19 November for the construction and operation of Egypt’s first nuclear power plant at El-Dabaa.

The deal covers the development of a plant equipped with four reactors with a capacity of 1,200MW each.

It was signed by Egypt’s Minister of Electricity and Energy Mohamed Shaker and the director-general of Rosatom State Atomic Energy Corporation, Sergey Kirienko, in the presence of Egypt’s President Abdul Fattah al-Sisi.

MEED reported in October that the contract was in the finance stages of negotiation and a signing was expected by the end of this year.

In February, Al-Sisi signed a memorandum of understanding (MoU) to cooperate on nuclear power, which was followed closely by a project development for the El-Dabaa scheme.

With Egypt having set a target for introducing nuclear energy into its power sector by 2022, if the target is to be met then it is vital the construction and financing agreements are finalised without delay.

Egypt’s nuclear programme was given fresh impetus following the election of Al-Sisi in May 2014. In his presidential inauguration speech on 9 June 2014, he announced the El-Dabaa nuclear project was a key government priority.

For Moscow, the Egypt award cements its position as the dominant nuclear power provider in the region.

Russia leads the way in region’s nuclear power race

As 2015 marks the 70th anniversary of its nuclear energy development, Moscow is further bolstering its presence on the global atomic power stage.

The Middle East and North Africa (Mena) region is forming a central part of Russia’s strategy to expand its international nuclear power portfolio, with state nuclear company Rosatom having already signed important agreements in both Jordan and Egypt this year.

In 1945, a group of Russian scientists led by Igor Kurchatov initiated discussions on converting a plutonium-producing reactor to a power unit for energy generating purposes. This led to the completion of the first grid-connected nuclear power plant in 1954.

Following this, the Russian nuclear industry sustained itself within the Soviet boundaries during the Cold War and, since the formation of the Russian federation, has been able to spread its reach throughout the rest of the world Read More

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