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 >>  4/28/2017 - Brexit will come under the conference spotlight at All-Energy 2017 – the UK’s largest renewable and low carbon energy exhibition and conference. Bein...
Saudi Arabia >>  4/24/2017 - Saudi Arabia will offer as much as 1 gigawatt of contracts to buy renewable electricity by the fourth quarter of this year, a government official said...

United Kingdom >>  4/24/2017 - The build-up to All-Energy 2017 (Glasgow, 10-11 May) sees the announcement that not only will Scotland’s First Minister, Nicola Sturgeon MSP be taking...
Saudi Arabia >>  4/17/2017 - Saudi Arabia aims to produce 10 percent of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan ...

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.