{"id":550278,"date":"2022-10-20T04:06:59","date_gmt":"2022-10-20T04:06:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/tax-holiday-for-the-builders-of-our-first-nuclear-plant\/"},"modified":"2022-10-20T04:06:59","modified_gmt":"2022-10-20T04:06:59","slug":"tax-holiday-for-the-builders-of-our-first-nuclear-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/tax-holiday-for-the-builders-of-our-first-nuclear-plant\/","title":{"rendered":"Tax holiday for the builders of our first nuclear plant"},"content":{"rendered":"

Dabaa contractors set to get a big tax break: <\/strong>The House of Representatives\u2019 Energy and Environment Committee yesterday approved in principle draft amendments to the law regulating the Nuclear Power Plants Authority (NPPA), which would fully exempt from taxes all parties involved in building and operating nuclear projects. The legislation \u2014 which would include contractors, sub-contractors, equipment suppliers, and workers \u2014 comes to speed up the implementation of Rosatom-built Dabaa, the country\u2019s first nuclear plant. It would also rename the NPPA as the Nuclear Power and Renewable Energy Plants Authority (NPREPA).<\/p>\n

REMEMBER- <\/strong>Russian state nuclear company Rosatom was contracted in 2015 to handle the construction and provide fuel for the c. USD 30 bn plant, which will feature four 1.2-GW reactors. Construction began this summer<\/a> and is slated to conclude at the start of the next decade. South Korea\u2019s state nuclear power company in August<\/a> signed a KRW 3 tn (USD 2.2 bn) contract with Rosatom to supply equipment and help build the 4.8 GW plant.<\/p>\n

MEANWHILE- <\/strong>E-commerce platform Noon<\/strong> will launch a dedicated section on its website for the sale of products from electronics retailer BTECH<\/strong> per a signed MoU<\/strong>. (Statement, pdf<\/a>)<\/p>\n

Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n