Egypt and Russia have agreed on the final design plans for the Dabaa nuclear power plant, Electricity Minister Mohamed Shaker said yesterday, Al Shorouk reports. Sources said on Tuesday that the ministry had drawn up a list of 10 Egyptian contractors it will recommend to Russia’s Rosatom to work on the USD 30 bn plant, including Elsewedy Electric, Orascom Construction, Hassan Allam, and Petrojet. Egyptian companies will reportedly be taking on 20% of the construction work, or around USD 4 bn in contracts. Shaker said that both sides were working hard to remain on schedule and begin construction by 2020, once Rosatom receives the necessary regulatory approval.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…