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
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX30 sheds 4.43% in October to post its first back-to-back monthly loss of 2026
The benchmark fell 4.43% and the small caps twice as…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…