{"id":635788,"date":"2017-12-13T04:08:47","date_gmt":"2017-12-13T04:08:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/egypt-to-receive-first-tranche-of-russian-loan-for-dabaa-in-january-sources\/"},"modified":"2017-12-13T04:08:47","modified_gmt":"2017-12-13T04:08:47","slug":"egypt-to-receive-first-tranche-of-russian-loan-for-dabaa-in-january-sources","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/egypt-to-receive-first-tranche-of-russian-loan-for-dabaa-in-january-sources\/","title":{"rendered":"Egypt to receive first tranche of Russian loan for Dabaa in January -sources"},"content":{"rendered":"

Egypt will reportedly receive the first tranche of a loan from Russia for the construction the Dabaa nuclear power plant in January, <\/strong>sources at the Electricity Ministry tell Daily News Egypt<\/a>. Russia is expected to cover 85% of the plant\u2019s construction costs, but the initial amount will be used to cover the costs of nuclear reactor designs and additional studies on safety and environmental impact of the USD 30 bn facility, the agreement for which President Abdel Fattah El Sisi signed when Russian counterpart Vladimir Putin visited earlier this week<\/a>.<\/p>\n

Construction should officially start in 2020, <\/strong>once the Russian nuclear energy company Rosatom obtains the necessary approvals on the exact location and designs from the Egyptian Atomic Energy Authority (EAEA), which are also a prerequisites for the issuing of commercial licenses, the sources add. Electricity Minister Mohamed Shaker said on Monday that commercial operations on the first nuclear reactor, with a generation capacity of 1.2 GW, should begin in 2026.<\/p>\n

Could red tape delay construction? <\/strong>The EAEA will not only have to review site plans, technical studies, and environment impact reports before giving its approval \u2014 the project will also need a sign-off from the Environment Ministry before construction can begin, sources tell Al Borsa<\/a>. They did not state whether the recently-established<\/a> Nuclear Power Plant Authority, which would be directly responsible for the regulating plants, will be required to weigh in as well.<\/p>\n

While the EAEA sifts through the Dabaa paperwork, a delegation from Russia\u2019s State Duma is expected in Cairo today to discuss security cooperation with the House Defense and National Security Committee<\/strong>, Ahram Gate reports<\/a>. The visit comes just a few short weeks after Russia and Egypt signed an agreement<\/a> allowing each to use the other\u2019s airspaces and air bases for warplanes.<\/p>\n

In other Russia news, a feasibility study on an Egyptian logistics and trade hub in Russia will be completed in two months<\/strong>, Egyptian-Russian Business Council Alaa Ezz said, according to state news agency MENA<\/a>. The logistics zone, which was first announced by the Trade and Industry Ministry in 2016, will be used to market and sell Egyptian exports in Russia. \"The hub will focus in its first phase on agricultural and food products,\" he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt will reportedly receive the first tranche of a loan from Russia for the construction the Dabaa nuclear power plant in January, sources at the Electricity Ministry tell Daily News Egypt. Russia is expected to cover 85% of the plant\u2019s construction costs, but the initial amount will be used to cover the costs of nuclear […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635788","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"40a2ab60-c2cf-4b0c-8a88-9f038e003257","order":"0","is_powered_by":true,"section_story_id":"45301b63-1404-4ce3-b9b2-c332ac042bc9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635771],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to receive first tranche of Russian loan for Dabaa in January -sources - 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\/2017\/12\/13\/egypt-to-receive-first-tranche-of-russian-loan-for-dabaa-in-january-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to receive first tranche of Russian loan for Dabaa in January -sources\" \/>\n<meta property=\"og:description\" content=\"Egypt will reportedly receive the first tranche of a loan from Russia for the construction the Dabaa nuclear power plant in January, sources at the Electricity Ministry tell Daily News Egypt. 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Russian President Vladimir Putin offered to lend Egypt USD 45 bn to finance the construction of the Dabaa nuclear power plant, which will be built by Russia\u2019s Rosatom, the Financial Times reports. Putin made public the offer\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":570737,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/13\/russian-companies-to-invest-usd-1-5-bn-in-egypt-this-year\/","url_meta":{"origin":635788,"position":1},"title":"Russian companies to invest USD 1.5 bn in Egypt this year","author":"enterpriseam admin","date":"13 April 2020","format":false,"excerpt":"INVESTMENT WATCH- Russian companies plan to invest USD 1.5 bn in Egypt this year: Unnamed Russian companies are planning to invest a combined USD 1.5 bn in agriculture, railway infrastructure, automobile manufacturing and shipbuilding in Egypt this year, Russian Trade Representation head in Cairo Nikolai Aslanovtells Al Mal. Aslanov did\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":634714,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/sabbour-consulting-bidding-for-two-dabaa-nuclear-power-plant-design-contracts\/","url_meta":{"origin":635788,"position":2},"title":"Sabbour Consulting bidding for two Dabaa nuclear power plant design contracts","author":"enterpriseam admin","date":"22 January 2018","format":false,"excerpt":"Sabbour Consulting is bidding for two design contracts related to work on the Dabaa nuclear power plant, founder and Chairman Hussein Sabbour tells Al Shorouk. Sabbour has already been awarded three contracts for the project and will be joining other suitors in bidding for 100 other contracts that Russia\u2019s Rosatom\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\/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":635788,"position":3},"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. Sources said on Tuesday that the ministry had drawn up a list of 10 Egyptian contractors it will recommend to Russia\u2019s Rosatom to work on\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":547672,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/03\/rosatom-secures-permit-to-start-building-dabaa-nuclear-plant\/","url_meta":{"origin":635788,"position":4},"title":"Rosatom secures permit to start building Dabaa nuclear plant","author":"enterpriseam admin","date":"3 July 2022","format":false,"excerpt":"Dabaa gets the regulatory thumbs-up: Russian state nuclear company Rosatom has received a permit from our nuclear authority to begin building the 4.8 GW Dabaa nuclear power plant, a statementby Rosatom read.Next step: construction. 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":635725,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/12\/egypt-pays-usd-25-bn-to-enter-the-atomic-age-decades-after-era-runs-its-course\/","url_meta":{"origin":635788,"position":5},"title":"Egypt pays USD 25 bn to enter the atomic age decades after era runs its course","author":"enterpriseam admin","date":"12 December 2017","format":false,"excerpt":"It seems we have signed contracts for the USD 20+ bn Dabaa nuclear power plant, but direct flights from Moscow to Cairo aren\u2019t back yet: President Abdel Fattah El Sisi witnessed the signing of \u201cthe notices to proceed [with] the contracts\u201d for the construction of the Dabaa nuclear power plant\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\/2017\/12\/994.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=635788"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635788\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635771"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635788"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635788"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}