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Egypt to issue first nuclear tender by year end

1,000MW plant to cost an estimated US$4 billion, says minister.

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Egypt may step in Iran's footsteps and build a 1,000MW nuclear reactor with Russian help.
Egypt may step in Iran's footsteps and build a 1,000MW nuclear reactor with Russian help.

Egypt is set to offer an international tender for its first nuclear power plant in El-Debaa, the country’s Minister of Electricity and Energy has said.

Hassan Younis said the final draft of the tender for the plant on the country’s Mediterranean Sea coast is being put together, Global Arab Network reports.

The power plant is scheduled to begin operations in 2019. Younis has earlier estimated that the 1,000MW plant would cost US$4 billion.

Younis travelled to Russia last week for talks with officials about boosting cooperation programmes between the two nations, including the nuclear energy sector.

According to the report, Sergei Kiriyenko, head of Russia’s State Atomic Energy Corporation (Rosatom) said the organisation was set to bid for the tender.

Russia was also involved in Iran’s first nuclear power plant in Bushehr.

French nuclear giant Areva and the US firm Westinghouse have already contributed towards the project as consultants.

Egypt follows the UAE, which awarded a $20 billion contract at the end of last year to a South Korean consortium led by KEPCO, and Jordan, which has also chosen South Korean firms to set up a research reactor near the city of Aqaba.

Saudi Arabia and Kuwait have also expressed their interest in building nuclear power stations.
 

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