Egypt to build several nuclear power plants

Green Energy

Egyptian President Hosni Mubarak announced on Monday that a program will soon be launched to build several nuclear power plants in the country, national news agency MENA reported.

Mubarak said a decree would soon be issued establishing a supreme council on peaceful uses of nuclear energy, which will oversee Egypt’s nuclear plant program. “We believe that energy security is a key component of building the future of this country, and an integral part of Egypt’s national security,” Mubarak said. He said the use of nuclear power would enable Egypt to meet its energy needs and diversify sources, allowing the country’s hydrocarbon reserves to last longer.

Egypt intends to build three nuclear plants with aggregate capacity of 1,800 MW, or 600 MW each. The first plant is expected to go online in 2015-16. Russia earlier announced its intention to take part in a tender to build an atomic power plant in Egypt. Russia’s nuclear power equipment and service export monopoly Atomstroyexport is currently building five nuclear power plants in China, India and Iran, on contracts worth $4.5 billion, and has also won a tender to build a plant in Belene, Bulgaria. The company is in talks on building nuclear plants in Morocco, Vietnam, and South Africa. (rian.ru)

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.