• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023
Facebook Twitter Instagram
Trending
  • Ukraine is Close to Defeat
  • Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says
  • Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia
  • ‘Disneyland’ for Investors is Over, Nassim Taleb Warns
  • European Neo-Nazis & Far-rights are Aiding their Ukrainian Counterparts
  • We Must Condemn the Lies of the West About Russia — Grandson of Charles de Gaulle
  • RUSSIA Releases Message for American Soldiers
  • Warning Issued for Petrodollar
Friday, February 3
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » Russia Begins Building Egypt’s First Nuclear Power Plant
State Of Affairs

Russia Begins Building Egypt’s First Nuclear Power Plant

adminBy adminJuly 21, 2022Updated:July 21, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

Russia Begins Building Egypt’s First Nuclear Power Plant

By RT News

Led by Rosatom, the $30 billion project is expected to be completed by 2028.

Russian state-owned energy giant Rosatom has begun construction on the El Dabaa nuclear power plant, the company said in a press release published on Wednesday.

“The start of construction on the El Dabaa power plant’s first reactor means Egypt is now joining the club of the world’s nuclear energy producing nations,” Rosatom CEO Alexey Likhachyov said at a ceremony launching the construction.

Located on Egypt’s northern coast, some 130 kilometers northwest of Cairo, El Dabaa will be Egypt’s first nuclear power plant as well as Rosatom’s first major project in Africa.

The plant, which is set to be completed by 2028, will have four VVER-1200 reactors with a total nameplate capacity of 4,800 megawatts.

The construction is financed jointly by Moscow and Cairo, with the Russian government providing 85% of the $30 billion cost in the form of a state loan. The rest will be funded by Egypt with financial backing from private investors.

Under the terms of agreements signed by the two countries, Rosatom will also be supplying nuclear fuel for the plant for its entire 60-year design lifetime and providing maintenance and repairs for ten years after the launch of each reactor.

Additionally, the company will provide staff training. The first group of future El Dabaa employees started their training at the Saint-Petersburg branch of the company’s Technical Academy back in September 2021. Rosatom is expecting to train 1,700 specialists for the plant in total, both at its academy and at the plant’s own training facility in Egypt.

Involved in a number of large-scale international projects — including the ITER initiative aimed at developing practical nuclear fusion — Rosatom has not been targeted by any of the sanctions imposed on Russia since the start of its military operation in Ukraine on February 24.

However, the company did see its power plant construction deal with Finnish group Fennovoima scrapped in May, a move the latter justified as necessary due to risks associated with the conflict.


Original Source: https://www.rt.com/news/559327-russia-egypt-nuclear-plant/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

European Neo-Nazis & Far-rights are Aiding their Ukrainian Counterparts

February 2, 2023

We Must Condemn the Lies of the West About Russia — Grandson of Charles de Gaulle

February 1, 2023

RUSSIA Releases Message for American Soldiers

February 1, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Ukraine is Close to Defeat

By adminFebruary 3, 2023

Ukraine is Close to Defeat By DPR_MFA American Colonel Douglas Macgregor, who is a former…

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

‘Disneyland’ for Investors is Over, Nassim Taleb Warns

February 2, 2023
Our Picks

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

‘Disneyland’ for Investors is Over, Nassim Taleb Warns

February 2, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.