{"id":563695,"date":"2021-07-13T04:00:49","date_gmt":"2021-07-13T04:00:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/rubles-for-dabaa-contractors\/"},"modified":"2021-07-13T04:00:49","modified_gmt":"2021-07-13T04:00:49","slug":"rubles-for-dabaa-contractors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/rubles-for-dabaa-contractors\/","title":{"rendered":"Rubles for Dabaa contractors"},"content":{"rendered":"

<\/a> Rosatom will provide between USD 3-4 bn to several <\/strong>Egyptian contractors<\/strong> working at the <\/strong>site of the Dabaa nuclear power plant <\/strong>as soon as permits are issued and construction begins, the company\u2019s Chief Sustainability Officer Polina Lion told a presser yesterday, according to a press release (pdf)<\/a>.<\/p>\n

The contractors:<\/strong> Hassan Allam Construction, Arab Contractors and Petrojet have all been awarded contracts<\/a> to begin work preparing the site ahead of construction.<\/p>\n

The permits:<\/strong> We\u2019re not sure when we can expect approval on these. The Nuclear Power Plants Authority has only recently handed to the regulator the licensing documents<\/a> to construct the first two reactors. Construction will begin as soon as the permits have been granted, Rosatom said last week.<\/p>\n

We\u2019re running a year behind schedule:<\/strong> Construction work was slated to begin<\/a> in the second half of last year but there appear to have been delays regarding the construction permits. Last year, it was said that the first 1.2 GW reactor would be up and running by 2026 and the remaining units coming online during FY2028-2029.<\/p>\n

The plant:<\/strong> Russia\u2019s state-owned nuclear giant was contracted<\/a> in 2015 to construct the 4.8 GW nuclear plant \u2014 located 184 km west of Alexandria. The facility is costing in the region of USD 30 bn, 85% of which is being financed through a USD 25 bn loan from Russia, with Egypt scheduled to begin repaying the sum with 3% interest in October 2029.<\/p>\n

IN OTHER ENERGY NEWS-<\/strong><\/p>\n

Snam boss in town to talk green hydrogen:<\/strong> The CEO of Italian energy company Snam Marco Alvera was in Cairo yesterday for talks with Prime Minister Moustafa Madbouly over potential investments in renewable energy projects such as green hydrogen production, the cabinet said in a statement<\/a>, without providing further details.<\/p>\n

Snam isn\u2019t the first industry player to show interest in green hydrogen in Egypt: <\/strong>Siemens<\/a> is working on a pilot project to produce green hydrogen in Egypt, while Eni<\/a> is producing feasibility studies on green and blue hydrogen production. South Korea\u2019s Hyundai Rotem<\/a> has also discussed the subject with government officials.<\/p>\n

This is part of a <\/strong>USD 3-4 bn plan<\/a><\/strong> that could see the construction of several green <\/strong>hydrogen plants.<\/strong> Hydrogen could be used as an alternative source of fuel for the power industry and be exported abroad, with aims to integrate it into its 2035 energy strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rosatom will provide between USD 3-4 bn to several Egyptian contractors working at the site of the Dabaa nuclear power plant as soon as permits are issued and construction begins, the company\u2019s Chief Sustainability Officer Polina Lion told a presser yesterday, according to a press release (pdf). The contractors: Hassan Allam Construction, Arab Contractors and […]<\/p>\n","protected":false},"author":1,"featured_media":563696,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[4137,130,107,471,93,72,470],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-atomstroyexport","tag-construction","tag-covid-19","tag-dabaa-nuclear-plant","tag-energy","tag-enterpriseam","tag-rosatom","wpautop","entry"],"acf":{"mongo_id":"2ea6ba8a-ffb3-416c-92c7-f7655c1c1359","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/186.jpg","photo_position":"above","related_issue":[563683],"teaser":"","voice_url":""},"yoast_head":"\nRubles for Dabaa contractors - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/rubles-for-dabaa-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rubles for Dabaa contractors\" \/>\n<meta property=\"og:description\" content=\"Rosatom will provide between USD 3-4 bn to several Egyptian contractors working at the site of the Dabaa nuclear power plant as soon as permits are issued and construction begins, the company\u2019s Chief Sustainability Officer Polina Lion told a presser yesterday, according to a press release (pdf). 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The permit \u201c[paves] the way for the launch of full-scale construction\u201d at Dabaa, Rosatom Director-General Alexey\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/90.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542834,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/rosatom-on-track-to-break-ground-on-dabaa-in-july\/","url_meta":{"origin":563695,"position":1},"title":"Rosatom on track to break ground on Dabaa in July","author":"enterpriseam admin","date":"19 January 2022","format":false,"excerpt":"Construction on the Dabaa nuclear power plant is on track to begin \u201cthis summer, tentatively in July,\u201d the director of Russia\u2019s state-owned Rosatom, General Alexey Likhachev, told TASS. The timeline matches what we were told by Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) spokesperson Karim Al Adham last year, after\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/229.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603529,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/five-consortiums-submit-offers-to-proof-dabaa-nuclear-plant-from-groundwater\/","url_meta":{"origin":563695,"position":2},"title":"Five consortiums submit offers to proof Dabaa nuclear plant from groundwater","author":"enterpriseam admin","date":"24 April 2019","format":false,"excerpt":"Five consortiums of local and international companies have submitted financial and technical offers to set up the necessary infrastructure to protect the USD 30 bn Dabaa nuclear plant from groundwater in the first major tender for the plant by Russia\u2019s state-owned nuclear company Rosatom, according to Al Mal. The consortiums\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575508,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/dabaa-nuclear-power-plants-could-generate-4x-returns-for-egypt-rosatom\/","url_meta":{"origin":563695,"position":3},"title":"Dabaa nuclear power plants could generate 4x returns for Egypt -Rosatom","author":"enterpriseam admin","date":"18 October 2020","format":false,"excerpt":"The Dabaa nuclear power plant is expected to generate returns worth 4x the amount spent on its construction, Alexander Voronkov, CEO of Rosatom's Middle East unit, said in an interview with state news agency MENA. According to Voronkov, the project could make Egypt \u201cone of the leading\u201d countries in peaceful\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629913,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/govt-nominates-100-companies-to-work-with-rosatom-on-dabaa-power-plant\/","url_meta":{"origin":563695,"position":4},"title":"Gov\u2019t nominates 100 companies to work with Rosatom on Dabaa power plant","author":"enterpriseam admin","date":"4 April 2018","format":false,"excerpt":"The government has compiled a list of 100 Egyptian companies it will qualify to work on the USD 30 bn Dabaa nuclear power plant as subcontractors to Rosatom, according to government sources. The nominees cover a range of jobs, including electricity, construction, and consultancy. All of the usual private- and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630794,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/egypt-russia-reach-consensus-on-dabaa-nuclear-plant-designs\/","url_meta":{"origin":563695,"position":5},"title":"Egypt, Russia reach consensus on Dabaa nuclear plant designs","author":"enterpriseam admin","date":"1 March 2018","format":false,"excerpt":"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. 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