{"id":667426,"date":"2025-06-25T00:00:00","date_gmt":"2025-06-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/25\/dabaa-nuclear-power-plant-debts-to-be-paid-in-rub-plus-national-navigation-company-hangtong\/"},"modified":"2025-06-25T00:00:00","modified_gmt":"2025-06-25T00:00:00","slug":"dabaa-nuclear-power-plant-debts-to-be-paid-in-rub-plus-national-navigation-company-hangtong","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/25\/dabaa-nuclear-power-plant-debts-to-be-paid-in-rub-plus-national-navigation-company-hangtong\/","title":{"rendered":"Dabaa nuclear power plant debts to be paid in RUB. PLUS: National Navigation Company + Hangtong"},"content":{"rendered":"<p class=\"tag-border-left\">CURRENCIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Russian President Vladimir Putin has greenlit Egypt repaying its Dabaa nuclear power <\/strong><strong>plant debt in RUB<\/strong>, <a target=\"_blank\" href=\"https:\/\/arabic.rt.com\/business\/1686394-%D8%A8%D9%88%D8%AA%D9%8A%D9%86-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%B3%D8%AF%D8%A7%D8%AF-%D9%85%D8%B5%D8%B1-%D9%84%D9%82%D8%B1%D9%88%D8%B6%D9%87%D8%A7-%D8%A8%D8%A7%D9%84%D8%B1%D9%88%D8%A8%D9%84\/\" style=\"\" rel=\"noopener\">RT Arabic<\/a> reports, citing Russian Deputy Finance Minister Vladimir Kolychev. The decision follows an agreement between the two countries in September to switch to using Russia\u2019s national currency because of difficulties in settling payments in other currencies.<\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>REMEMBER-<\/strong> Rosatom was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60ea8ab6-9f81-43cc-a75d-b3ff1de7a342\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60ea8ab6-9f81-43cc-a75d-b3ff1de7a342\" style=\"\" rel=\"noopener\">contracted in 2015<\/a> to handle the construction and provide fuel for Dabaa, Egypt\u2019s first nuclear power plant. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60ea8ab6-9f81-43cc-a75d-b3ff1de7a342\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60ea8ab6-9f81-43cc-a75d-b3ff1de7a342\" style=\"\" rel=\"noopener\">broke ground<\/a> on the USD 28.8 bn project in the summer of 2022. Dabaa will include four 1.2-GW reactors and is set to come online at the beginning of the next decade.<\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Transport Ministry\u2019s National Navigation Company has tapped Chinese shipbuilder <\/strong><strong>Hangtong to build two <\/strong><strong>82k dwt newbuild dry bulk cargo ships<\/strong>, according to a Transport Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D9%81%D9%8A-%D8%A5%D8%B7%D8%A7%D8%B1-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%AA%D9%88%D8%AC%D9%8A%D9%87%D8%A7%D8%AA-%D9%81%D8%AE%D8%A7%D9%85%D8%A9-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9-%D8%A8%D8%AA%D8%AD%D9%88%D9%8A%D9%84-%D9%85%D8%B5%D8%B1-%D8%A5%D9%84%D9%89-%D9%85%D8%B1%D9%83%D8%B2-%D8%A5%D9%82%D9%84%D9%8A%D9%85%D9%8A-%D9%84%D9%84%D9%86%D9%82%D9%84-%D9%88%D8%A7%D9%84%D9%84\/1263615532475531\/\" style=\"\" rel=\"noopener\">statement<\/a>. Delivery is scheduled for September and November 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new order will bring the state-owned firm\u2019s total fleet to 18 ships<\/strong>, in line with its goal to modernize 54% of its fleet. NNC\u2019s plan is also part of the Transport and Industry Ministry\u2019s larger bid to bolster the size of the state-owned fleet to 36 ships by 2030, according to the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s first nuclear plant is expected to cost USD 28.8 bn<\/p>\n","protected":false},"author":1,"featured_media":667427,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,471,6539,72,145,8835,677,470],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-dabaa-nuclear-plant","tag-egypt-russia-relations","tag-enterpriseam","tag-logistics","tag-maritime","tag-nuclear-energy","tag-rosatom","wpautop","entry"],"acf":{"mongo_id":"84cd9220-9e3f-4cdd-bd72-afc841d7e8d1","order":"10","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1448.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dabaa nuclear power plant debts to be paid in RUB. PLUS: National Navigation Company + Hangtong,","related_issue":[667409],"teaser":"Egypt\u2019s first nuclear plant is expected to cost USD 28.8 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.067b28ec-2f4a-4157-a653-96b0af721cad.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dabaa nuclear power plant debts to be paid in RUB. 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Rosatom said in January that it expects to be able to begin construction this summer after covid-related delays pushed the\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553918,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/13\/payments-super-app-dabaa-nuclear-power-plant-consultation\/","url_meta":{"origin":667426,"position":1},"title":"Payments super-app + Dabaa nuclear power plant consultation","author":"enterpriseam admin","date":"13 December 2021","format":false,"excerpt":"A couple of things we\u2019re keeping an eye on this morning: Digital payments firm PaySky partnered with Egypt Post and Visa to launch payments super-app Yalla on Thursday.Egypt signed a contract with the Czech Republic\u2019s UJV Rez to provide technical assistance and consult on the Dabaa nuclear power plant\u2019s operations.","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"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":667426,"position":2},"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 &quot;Speed Round&quot;","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":563528,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/06\/egypt-applies-for-construction-permits-for-dabaa-nuclear-plant\/","url_meta":{"origin":667426,"position":3},"title":"Egypt applies for construction permits for Dabaa nuclear plant","author":"enterpriseam admin","date":"6 July 2021","format":false,"excerpt":"Egypt applies for construction permits for Dabaa nuclear plant: Egypt's Nuclear Power Plants Authority has submitted licensing documentation for the first two units of Dabaa nuclear power plant to regulators in what should be the final bureaucratic hurdle to clear before construction is allowed to get going on the project,\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547994,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/21\/rosatom-starts-construction-of-dabaa-nuclear-plant\/","url_meta":{"origin":667426,"position":4},"title":"Rosatom starts construction of Dabaa nuclear plant","author":"enterpriseam admin","date":"21 July 2022","format":false,"excerpt":"The Dabaa nuclear plant is finally getting off the ground: Russian state nuclear company Rosatom has started building the 4.8 GW Dabaa nuclear power plant, the company said in a statement. 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