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Sunday, 18 October 2020

Dabaa nuclear power plants could generate 4x returns for Egypt -Rosatom

The Dabaa nuclear power plant is expected to generate returns worth 4x the amount spent on its construction, Alexander Voronkov, CEO of Rosatom’s Middle East unit, said in an interview with state news agency MENA. According to Voronkov, the project could make Egypt “one of the leading” countries in peaceful nuclear power once it’s fully complete (a point expected around FY2028-2029). Rosatom, the Russian nuclear giant building the 4.8 GW plant, is currently preparing the site for construction through subsidiary and contractor Atomstroyexport. Several leading Egyptian companies are also working at the site, which is located 184 km west of Alexandria. Construction permits for the reactors are expected to be issued in 1H2021 by the Nuclear and Radiological Regulatory Authority (ENRRA), we noted in August.

Rosatom is bidding for another nuclear power plant in Saudi Arabia, the press cites Voronkov as having announced during the interview. Egypt’s Dabaa plant will be the first by Rosatom in the region, followed by a project in Turkey the Russian energy company won licenses for late last year.

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