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Russia disburses El Dabaa nuclear power plant loan/bribe to Egypt

Screenshot from 2017-12-14 07:31:24

Image source; DEVELOPMENT AND CLIMATE CHANGE IN EGYPT: FOCUS ON COASTAL RESOURCES AND THE NILE 2002 https://search.oecd.org/env/cc/33330510.pdf

Egypt is to receive the first tranche of Russia’s $25 billion loan for El Dabaa nuclear power plant in January 2018, the electricity ministry reported on Wednesday.

The loan will cover 85% of the total construction cost of the nuclear plant plant valued at $21 billion, as well as designs, safety and environmental studies, Daily News Egypt stated.

On Monday, Egypt and Russia signed the agreement of El Dabaa nuclear power project during the meeting of Egyptian President Abdel Fattah El Sisi and his Russian counterpart Vladimir Putin in Cairo.

The Russian state nuclear company Rosatom will implement the nuclear power project within 12 years.

The project comprises of four units with 1,200 megawatts each.

-Mubasher

http://noozz.com/russia-disburses-1st-tranche-of-el-dabaa-nuclear-power-plant-loan-next-january/

December 14, 2017 - Posted by | Uncategorized

1 Comment »

  1. […] disburses El Dabaa nuclear power plant loan/bribe to Egypt. Egypt to go into big debt to buy Russian nuclear reactors that it doesn’t […]

    Pingback by Despite pre-Christmas excitement, the climate/nuclear news is gloomy | Nuclear Australia | December 16, 2017 | Reply


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