Egypt may face challenges as it ventures into the realm of nuclear power generation
Egypt may face challenges as it ventures into the realm of nuclear power generation, which requires substantial and sophisticated infrastructure to support it. Egypt needs “USD 18 bn of investment in transmission and distribution to support generation capacity in the next five years,” according to a report by Arab Petroleum Investments Corporation (Apicorp), which implies that financing is the main hurdle. Despite that, the report nods to regional efforts to diversify energy resources and Egypt’s plan to bring the USD 30 bn Dabaa nuclear power plant online in partnership with Russia’s Rosatom. “For countries in the GCC, nuclear power can free up more oil and gas for exports while net-importing countries like Egypt and Jordan will be able to diversify their energy sources, enhance energy security, and reduce their expensive import bills.” Tap or click here for the full report (pdf).