HomeIndustry SectorsGenerationEgypt to soon move ahead with Russian nuclear deal

Egypt to soon move ahead with Russian nuclear deal

On Tuesday, the Egyptian minister of parliamentary affairs, Omar Marwan, confirmed that the Russian nuclear deal to develop four power stations is firmly on the table, Ahram news reported.

Speaking at a press conference, Marwan said: “The government has no intention of backtracking the deal because it’s very important to Egypt.”

He added: “The government wanted to ensure that the safety measures will be in place before signing the deal, so the stations would cause no harmful radiation in the future.”

Russian nuclear deal

In November 2015, the Egyptian electricity and renewable energy minister, Mohamed Shaker el-Markabi and the head of Russia’s Rosatom State Atomic Energy Corporation, Sergey Kiriyenko, signed two agreements for the funding and development of Egypt’s first nuclear power plant (NPP).

In February that same year, Egypt’s federal government announced that they had entered into an agreement with Russia to develop the country’s first nuclear power plant, which has an estimated cost of $20 million (ZAR252 million). Read more…

The selected site for the nuclear power plant is in the North-West of the country and will comprise of four 1,2000MW nuclear reactors.

At the time, Kiriyenko said: “This is comprehensive cooperation. Moreover, it presumes that Russia will also provide relevant financial support in the form of an intergovernmental loan.”

Support from the IEA

The International Atomic Energy Agency (IAEA) is willing to support African countries who are interested in procuring safe and secure nuclear energy to meet development needs.

Speaking at an event during a similar time to the Egypt-Russia deal, Yukiya Amano, director general of the International Atomic Energy Agency (IAEA) said: “Lack of social acceptance and understanding remains one of the most difficult things in getting Africa to take up nuclear technology, yet it is not as complicated as people see it.”

He added: “Access to nuclear technology should not be limited to rich countries only and the IAEA is here as a reliable partner to help with expertise in all aspects of nuclear technology”. Read more…

Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.


Comments are closed.