Rosatom and Egypt’s Ministry of Electricity and Renewable Energy have signed notices to proceed for contracts concerning development of the new $30bn El Dabaa nuclear power plant.
Under the deal, Rosatom will be responsible for providing nuclear fuel, spent fuel, and operations and maintenance (O&M) related goods and services for the 4,800MW plant, as well as undertaking construction work.
Rosatom director general Alexey Likhachev said: “The contracts we’ve signed are a record-breaking deal in the history of the nuclear industry. The total cost of all four contracts amounts to billions of US dollars, also being the biggest non-feedstock deal in Russian history.
“We offered our partners in Egypt a unique comprehensive agreement that spans the power plant’s entire lifecycle, which is 70 to 80 years.”
Rosatom will carry out personnel training at the plant and will provide O&M solutions for the first ten years of its operational period.
Located in the Matrouh region on the Mediterranean coast, the El Dabaa project will comprise four water-water energetic reactor (VVER) 1,200 units, each with a capacity of 1,200MW.
The nuclear reactors will be owned and operated by Egypt’s Nuclear Power Plants Authority, which is a part of the Ministry of Energy.
Once operational, the plant will ensure competitive electricity pricing over a period of 60 years in Egypt.