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Russian Federation : Notices to proceed contracts for El Dabaa NPP construction signed in the presence of presidents of Russian Federation and Egypt
Publish Date : 12-Dec-2017
On December 11, 2017, Director General of ROSATOM Alexey Likhachev and Egypts Minister of Electricity And Renewable Energy Mohamed Shaker signed the Notices to proceed the contracts for the construction of the El Dabaa nuclear power plant.
The signing ceremony was held in the presence of the President of the Russian Federation Vladimir Putin and the President of the Arab Republic of Egypt Abdel Fattah El Sisi.
According to the signed contracts, ROSATOM will build four VVER-1200 units of the El Dabaa NPP in the Matrouh region on the Mediterranean coast, as well as supplying nuclear fuel throughout the plants entire operational lifetime. This will help ensure competitive electricity pricing in Egypt over a period of 60 years. Rosatom will also be conduct personnel training and will assist its Egyptian partners in the operation and maintenance of the El Dabaa NPP for the first ten years of its operation. As part of yet another contract, the Russian side will construct a purpose-built storage and supply containers for storing spent fuel.
The first unit of the El Dabaa NPP is to be commissioned in 2026.
The contracts weve 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 plants entire life cycle, i.e. 70 to 80 years. Today Rosatom is the only company in the world that is capable of providing the full range of peaceful nuclear services. The development of Egypts nuclear power industry is also important to Russias economy as dozens of Rosatom enterprises will be awarded significant contracts and will have an opportunity to showcase to the global community the advantage of Russian nuclear technologies, said Director General of ROSATOM Alexey Likhachev.
As part of the El Dabaa NPP project implementation, ROSATOM will also aid Egypt in developing its nuclear infrastructure, as well as increasing the level of project localization and supporting Egypt in training nuclear cadre and driving the public acceptance of nuclear power. The training of future NPP employees will be conducted in both Russia and Egypt. Over the next few years, hundreds of Egyptian students will study nuclear disciplines in Russia. The construction of the El Dabaa NPP will provide a stimulus for Egypts industrial development, with several dozens of Egyptian companies to be involved in the construction. The construction of the first unit is expected to have a localization level of at least 20%, while further units will be even more localized.
