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Wednesday, 18 May 2016

Final Dabaa contract next month unnamed senior gov’t source

The final Dabaa power plant project contract is set to be concluded next month, a senior government official told Daily News Egypt. On Tuesday, Russian Trade Representative to Egypt Fedor Lukashin said Moscow and Cairo were finalizing negotiations on the USD 26 bn contract to the Dabaa plant, but stopped short of pinpointing a date, according to Sputnik. Electricity and Renewable Energy Minister Mohamed Shaker made “considerable progress” in the negotiations during his visit to Moscow, said the official, who went on to confirm that Egypt tasked a British legal consultant to review the contracts. Shaker reportedly submitted a detailed report about the negotiations and the contract to President Abdel Fattah El on Sunday, presumably after El Sisi met with Prime Minister Sherif Ismail and Shaker on Saturday, according to an Ittihadiya statement.

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