{"id":637460,"date":"2017-11-16T03:59:27","date_gmt":"2017-11-16T03:59:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/house-signs-off-on-dabaa-contracts-moves-them-along-to-el-sisi-to-set-a-signing-date\/"},"modified":"2017-11-16T03:59:27","modified_gmt":"2017-11-16T03:59:27","slug":"house-signs-off-on-dabaa-contracts-moves-them-along-to-el-sisi-to-set-a-signing-date","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/house-signs-off-on-dabaa-contracts-moves-them-along-to-el-sisi-to-set-a-signing-date\/","title":{"rendered":"House signs off on Dabaa contracts, moves them along to El Sisi to set a signing date"},"content":{"rendered":"

<\/a> House signs off on Dabaa contracts, moves them along to El Sisi <\/strong>to set a signing date: <\/strong>The House of Representatives\u2019 general assembly signed off on the contracts for the USD 30 bn Dabaa nuclear power plant yesterday, Al Borsa reports<\/a>. The four contracts with Russia\u2019s Rosatom have been sent to President Abdel Fattah El Sisi to review and set a date for the signing, which Electricity Minister Mohamed Shaker had announced last month<\/a> would happen before the end of the year after a series of mismatched reports surfaced. Under the agreement, the Russian government will offer Egypt a USD 25 bn loan, to finance development work at the 4800 MW plant, with an annual interest of 3%. The remainder of the amount will be sourced locally, according to House Energy Committee deputy Essam Abdallah. Russian President Vladimir Putin is expected to visit Egypt to attend the signing ceremony.<\/p>\n

No link to Egypt flights: <\/strong>President Abdel Fattah El Sisi pointed out in Sharm El Sheikh last week that there is no relationship between Dabaa and Cairo\u2019s bid to get Moscow to restore flights to Egypt that were suspended after the Metrojet terror attack.<\/p>\n

Abdallah said we can expect the House to start debate in about two weeks\u2019 time on legislation <\/strong>that will establish an authority to oversee nuclear power projects<\/strong>. Disagreements in the House are currently over tax exemptions and customs breaks awarded to the authority under the proposed law, which the Ismail Cabinet approved in September<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

House signs off on Dabaa contracts, moves them along to El Sisi to set a signing date: The House of Representatives\u2019 general assembly signed off on the contracts for the USD 30 bn Dabaa nuclear power plant yesterday, Al Borsa reports. The four contracts with Russia\u2019s Rosatom have been sent to President Abdel Fattah El […]<\/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-637460","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"12d18e56-ad1c-4a9c-8ef3-718fcb6a30fa","order":"0","is_powered_by":true,"section_story_id":"361384b8-edb2-4a25-8f4a-97f8ff3e7022","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637449],"teaser":"","voice_url":""},"yoast_head":"\nHouse signs off on Dabaa contracts, moves them along to El Sisi to set a signing date - 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\/11\/16\/house-signs-off-on-dabaa-contracts-moves-them-along-to-el-sisi-to-set-a-signing-date\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House signs off on Dabaa contracts, moves them along to El Sisi to set a signing date\" \/>\n<meta property=\"og:description\" content=\"House signs off on Dabaa contracts, moves them along to El Sisi to set a signing date: The House of Representatives\u2019 general assembly signed off on the contracts for the USD 30 bn Dabaa nuclear power plant yesterday, Al Borsa reports. 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Electricity Minister Mohamed Shaker announced yesterday that Egypt and Russia will ink the agreement for the USD 30 bn Dabaa nuclear power plant before the end of 2017, Al Ahram reports. Shaker\u2019s announcement is the latest in a\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":646748,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/on-the-horizon-208\/","url_meta":{"origin":637460,"position":1},"title":"On the horizon","author":"enterpriseam admin","date":"22 June 2017","format":false,"excerpt":"Final Dabaa contracts to be signed on 30 June? The drafting the four contracts for the USD 30 bn Dabaa nuclear power plant is now complete and the contracts could be signed during the upcoming celebration of the 30 June Revolution, an Electricity Ministry source tells Youm7. 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Foreign Minister Sameh Shoukry had confirmed as\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":637680,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/few-more-steps-towards-actually-signing-the-dabaa-contracts\/","url_meta":{"origin":637460,"position":3},"title":"Few more steps towards actually signing the Dabaa contracts?","author":"enterpriseam admin","date":"22 November 2017","format":false,"excerpt":"Few more steps towards actually signing the Dabaa contracts? Russia\u2019s Rosatom has reportedly invited Egyptian engineering and consulting firms to begin presenting their offers to work on the Dabaa nuclear power plant, Al Borsa reports. 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El Sisi stressed the issue during a meeting yesterday with the CEO of Rosatom State Atomic Energy Corporation Alexey Likhachev in Cairo, according to an Ittihadiya statement (pdf). Likhachev 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":638498,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/no-dabaa-contracts-will-be-signed-this-year\/","url_meta":{"origin":637460,"position":5},"title":"No Dabaa contracts will be signed this year?","author":"enterpriseam admin","date":"8 October 2017","format":false,"excerpt":"No Dabaa contracts will be signed this year? Just like Bigfoot, UFO sightings, and the Yeti, the rumors swirling around the Dabaa nuclear power plant signing date are endless. 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