Close

First contracts awarded for Egypts $25bn Dabaa nuclear power station

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

Solar Energy Production Overtakes All EU Power Sources

Last month, solar energy production made up 22.1 percent...

UK Unveils Onshore Wind Power Plan Targeting 29GW by 2030

The UK government is starting its first onshore wind...

Morocco Expands Wind Energy Projects with UAE Support

Morocco plans to speed up the process of raising...

Poland’s £5bn Offshore Wind Farm Project Nears Construction

Poland's £5 billion offshore wind farm project is getting...

Atomstroyexport, the subsidiary of Russia’s Rosatom nuclear engineer overseeing the construction of Egypt’s Dabaa nuclear power plant, announced on that three Egyptian contractors had won the tender for the first phase of the work.

The three, Petrojet, Hassan Allam and the Arab Contractors, were picked from a shortlist of 10 to carry out site preparation work, Egypt Independent reports.

This part of the project is due to start in the summer and be completed by the end of 2022. Grigory Sosnin, the Atomstroyexport vice president in charge of Dabaa, said the presence of Egyptian contractors was one of his company’s “utmost priorities”. The company has set a target of 20% Egyptian participation in the construction of the reactors.

Earlier this month, Atomstroyexport organised training for Egyptian engineers at the Kursk II plant, which is being built in Russia. Oleg Yakovlev, deputy director for construction at Atomstroyexport’s Egyptian arm, said: “The more time we spend together, and the more we discuss various construction stages, the better we understand each other and all the technical aspects of construction.”

Atomstroyexport will issue another tender this year for the remainder of the construction work.

The deal to build Dabaa was agreed between presidents Vladimir Putin and Abdel-Fattah al-Sisi in December 2018. Russia has agreed to loan Egypt $25bn to finance the plant, with Egypt repaying the money an interest rate of 3% annually, beginning in 2029.

Latest stories

Related stories

Solar Energy Production Overtakes All EU Power Sources

Last month, solar energy production made up 22.1 percent...

UK Unveils Onshore Wind Power Plan Targeting 29GW by 2030

The UK government is starting its first onshore wind...

Morocco Expands Wind Energy Projects with UAE Support

Morocco plans to speed up the process of raising...

Poland’s £5bn Offshore Wind Farm Project Nears Construction

Poland's £5 billion offshore wind farm project is getting...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back