Egypt Invites Russian Companies to Build Nuclear Power Plants

16 June 2009 (Last Updated June 16th, 2009 18:30)

The Egyptian government is inviting Russian companies to participate in international tenders to build the country's first nuclear power plant Egypt’s Minister of Electricity and Energy, Hassan Younis has announced. Construction of the nuclear plant is expected to take seven to eight ye

The Egyptian government is inviting Russian companies to participate in international tenders to build the country's first nuclear power plant Egypt’s Minister of Electricity and Energy, Hassan Younis has announced.

Construction of the nuclear plant is expected to take seven to eight years and investment in the plant could be around $1.5bn to $2bn.

There will also be a need to train personnel for selecting the construction site and ensuring the safety of the reactors.

Egypt also requires technical assistance in creating services responsible for the nuclear safety of the plant throughout its construction.

In 2007, Egyptian President Hosni Mubarak said that Egypt was introducing a programme to construct nuclear power plants, saying that peaceful use of nuclear energy would help Egypt to meet its energy demand and to diversify its energy sources.

Egypt’s nuclear energy for peaceful purposes was supported by Russia, the US, China and the EU which has offered its assistance.