Gulf Oil and Gas accountACCOUNT

Egypt, Russia to Sign Nuclear Plant Contract before End of 2016

Source: Ahram Gate 11/28/2016, Location: Africa

Share |
Russian Trade Representative in Cairo Fedor Lukashin said evening that the signing ceremony of the Dabaa nuclear power plant contract is expected before the end of the year.

Lukashin said that talks have concluded on the financial and legal articles of the contract, noting that the Russian State Nuclear Energy Corporation (Rosatom) is currently reviewing data on the plant’s construction site.

The Russian official also highlighted the importance of establishing a Russian industrial zone in the east Port Said economic zone.

Cairo and Moscow signed an agreement in 2015 for Russia to build Egypt's first nuclear power plant.

According to the agreement, Russia is to loan Egypt $25 billion to finance the building and operating of the plant.

Egypt will pay an interest rate of 3 percent annually, with installment payments starting in 2029.

Renewable Energy News in Egypt >>

United Kingdom >>  8/14/2017 - Historic wrecks around Wales’ coastline, such as that of a German submarine sunk 10 miles off Bardsey Island at the tip of the Ll?n Peninsula on Chris...
Israel >>  8/8/2017 - GE Renewable Energy has booked a turnkey contract with Star Pumped Storage Ltd for the 344 MW Kokhav Hayarden hydro pumped storage station, the second...

Germany >>  8/3/2017 - ABB has received an order of around $30 millon from the Dutch-German transmission system operator, TenneT, to supply a stabilization solution that wil...
Kenya >>  7/29/2017 - Schneider Electric, the global specialist in energy management and automation, in partnership with the Salesian Don Bosco Foundation in Kenya inaugura...

Spain >>  7/26/2017 - Enel S.p.A. (Enel), acting through its Spanish subsidiary Endesa’s renewable company Enel Green Power Espana (EGPE), has been awarded 339 MW of solar ...
France >>  7/25/2017 - SunPower, a majority-owned subsidiary of Total SA, and Tenergie, an independent renewable power producer, is supplying 29.9 megawatts (MW) of its high...

Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.