Dabaa nu­clear power plant con­tracts fi­nalised: Is­mail

Putin ac­cepts Al-Sisi in­vi­ta­tion to at­tend the sign­ing cer­e­mony of the Dabaa nu­clear power plant

The Daily News Egypt - - Front Page - By Mo­hamed Samir

Egyp­tian Prime Min­is­ter Sherif Is­mail an­nounced that all the Dabaa nu­clear power plant con­tracts are fi­nalised ex­cept for the fuel con­tract.The an­nounce­ment came one day af­ter Rus­sian Pres­i­dent Vladimir Putin ac­cepted the in­vi­ta­tion of Pres­i­dent Abd Al-Fat­tah Al-Sisi to visit Egypt and at­tend the sign­ing cer­e­mony of the Dabaa nu­clear power plant.

Is­mail pointed out that the lay­ing of the nu­clear power plant cor­ner­stone will take place soon, adding that the for­mu­la­tion and re­vi­sion of the main con­tract, the im­ple­men­ta­tion, maintenance, and op­er­a­tion con­tracts have been com­pleted.

Egypt seeks to in­crease re­liance on re­new­able en­ergy sources in the power sup­ply to make up around 20% of the to­tal ca­pac­ity of the na­tional en­ergy net­work by 2022 and to in­crease it to reach to 37% by 2035.

In May 2016, The Rosatom State Atomic En­ergy com­pany an­nounced that it would use third gen­er­a­tion “VVER-1200 “re­ac­tors for the first time.The Dabaa nu­clear power plant will con­sist of four of th­ese re­ac­tors, each with 1,200MW ca­pac­ity and with a to­tal ca­pac­ity of 4,800MW.

With the com­ple­tion of the Dabaa nu­clear power plant, Cairo can stand on the edge of tech­no­log­i­cal progress en­joyed by the de­vel­oped world, said Ma­her Aziz, en­ergy and en­vi­ron­men­tal con­sul­tant and a mem­ber of the World En­ergy Coun­cil. He added that project will cre­ate 5,000-6,0000 jobs dur­ing the first six years, in­di­cat­ing that the project will pro­vide 10,000 job op­por­tu­ni­ties un­til its com­ple­tion over 4 phases.

On the other hand, Hus­sein Al-Shafei, pres­i­dent of the Egyp­tian-Rus­sian Foun­da­tion for Cul­ture and Science, said that the Dabaa nu­clear power plant project will achieve an­nual rev­enues of $17bn af­ter ex­port­ing the pro­duced elec­tric­ity, point­ing out that Egypt will get the re­turn on in­vest­ment of nu­clear re­ac­tors in 2023 af­ter the first re­ac­tor starts op­er­at­ing. Al-Shafei said the gov­ern­ment would re­pay the first in­stal­ment of the loan to the Rus­sian side in 2029 at a rate of two in­stal­ments an­nu­ally for 42 years with an an­nual in­ter­est rate of 3%. He noted that op­er­at­ing the four re­ac­tors for 60 years will gen­er­ate an in­come of $264bn.

Fur­ther­more, the Dabaa nu­clear power plant would mark a qual­i­ta­tive change in the re­la­tion­ship be­tween Egypt and Rus­sia, said Karim Al-Ad­ham, for­mer pres­i­dent of the Na­tional Cen­ter for Nu­clear Safety and Ra­di­a­tion Con­trol (NCNSRC). Al-Ad­ham ex­plained that has a ma­jor nu­clear school since the 1960s and that Egypt has the cadres and com­pe­ten­cies needed for the man­age­ment of this project.

The Dabaa nu­clear power plant will con­sist of four of th­ese re­ac­tors, each with 1,200MW ca­pac­ity for a to­tal ca­pac­ity of 4,800MW

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