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Egypt’s renewable energy project – going for the green economy

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Middle East Monitor 27th Oct 2018 , Egypt is “entering the world of solar energy” after it inaugurated the
largest solar power plant in the world early this year, RT reported on Friday. Reporting the remarks of Egyptian official Hassan Abaza, RT said that the superpower plant was built in the city of Aswan, southern Egypt.
It began supplying the national grid last December. Abaza reiterated that this is the largest solar power plant in the world, noting that his country is heading towards more investment in this kind of power as part of its plans for sustainable development.
He also said that solar power energy is better than oil because it is renewable, stressing that the “green
economy” is a mechanism to achieve sustainable development.   https://www.middleeastmonitor.com/20181027-egypt-builds-largest-solar-power-plant-in-the-world/
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October 29, 2018 Posted by | Egypt, renewable | 1 Comment

Egypt going into a huge debt to Russia for building Dabaa nuclear plant

Middle East Monitor 10th Aug 2018 , Egypt will obtain a license to build the Dabaa nuclear plant by mid-2020,
the Russian deputy minister of industry and trade said. Georgy Kalamanov
added that Russian experts are currently completing designing the nuclear
plant and surveying the area where it will be built.

In 2015, Russia andEgypt signed a deal which would see Russia build Egypt’s first nuclear
power plant in the Dabaa area, located on Egypt’s northwestern coast.
Under the terms of the agreement, Cairo would access a loan for the project
from Moscow. In 2016, the Egyptian official Gazette reported that the loan
would amount to $25 billion, which would finance 85 per cent of the cost of
contracts signed for the plant’s construction. The loan repayment period
is 35 years. Egypt will finance the remaining 15 per cent.
https://www.middleeastmonitor.com/20180810-russia-egypt-to-begin-building-nuclear-reactor-in-2020/

August 13, 2018 Posted by | Egypt, marketing, politics international, Russia | Leave a comment

Saudi Arabia, Egypt wanted US to bomb Iran 

Kerry: Saudi Arabia, Egypt wanted US to bomb Iran https://www.middleeastmonitor.com/20180219-kerry-saudi-arabia-egypt-wanted-us-to-bomb-iran/ February 19, 2018

February 22, 2018 Posted by | Egypt, Saudi Arabia, weapons and war | Leave a comment

Egypt to go into big debt to buy Russian nuclear reactors that it doesn’t need

Egypt to sign contracts for nuclear power plant during Putin’s visit: sources, CAIRO (Reuters) 10 Dec 17 – Egypt will sign contracts with Moscow during Russian President Vladimir Putin’s visit to Cairo on Monday for the country’s first nuclear power plant, three senior sources told Reuters on Sunday.

The construction of the 4,800 megawatt (MW) capacity plant, which is supposed to be built at Dabaa in the north of the country, is expected to be completed within seven years, added the sources, who spoke on condition of anonymity because they were not authorized to speak to the media……

Moscow and Cairo signed an agreement in 2015 for Russia to build a nuclear power plant in Egypt, with Russia extending a loan to Egypt to cover the cost of construction.

Egypt’s official gazette said last year the loan was worth $25 billion and would finance 85 percent of the value of each work contract, services and equipment shipping. Egypt would fund the remaining 15 percent.

The trial operation of the first nuclear reactor is expected to take place in 2022……

The nuclear plant is expected not to just cover the country’s energy needs, but to produce excess which can be exported, the sources told Reuters on Sunday.

Putin is scheduled to visit Cairo on Monday to meet with his counterpart Abdel Fattah al-Sisi, where they will discuss bilateral relations, trade and Middle Eastern issues, the Kremlin said last week.

Reporting by Momen Abdelkhalek; Writing by Amina Ismail; Editing by Toby Chopra

https://www.reuters.com/article/us-egypt-energy/egypt-to-sign-contracts-for-nuclear-power-plant-during-putins-visit-sources-idUSKBN1E40MY

December 11, 2017 Posted by | Egypt, marketing, Russia | Leave a comment

Nuclear purchase deal by Egypt from Russia not yet signed

Egypt to sign nuclear power plant deal with Russia| 2017-07-12  Editor: Mu Xuequan CAIRO, July 11 (Xinhua) –– Egypt intends to finalize a deal with Russia to build four nuclear power stations in Egypt “soon,” said Minister of Parliamentary Affairs Omar Marwan on Tuesday, state-run Ahram news reported.

“The government has no intention of backtracking the deal because it’s very important to Egypt,” said Marwan in a press conference.

“The government wanted to ensure that the safety measures will be in place before signing the deal, so the stations would cause no harmful radiation in the future,” he added.

Egypt and Russia signed an agreement in 2015 to build four nuclear power stations in Egypt by 2022.

However, the final deal hasn’t been signed yet between the two sides……http://news.xinhuanet.com/english/2017-07/12/c_136436355.htm

July 14, 2017 Posted by | Egypt, marketing, Russia | Leave a comment

Climate change predicted to increase Nile flow variability

Climate change could lead to overall increase in river flow, but more droughts and floods, study shows, Science Daily 

Date:
April 24, 2017
Source:
Massachusetts Institute of Technology
Summary:
The unpredictable annual flow of the Nile River is legendary, as evidenced by the story of Joseph and the Pharaoh, whose dream foretold seven years of abundance followed by seven years of famine in a land whose agriculture was, and still is, utterly dependent on that flow. Now, researchers have found that climate change may drastically increase the variability in Nile’s annual output……..https://www.sciencedaily.com/releases/2017/04/170424141236.htm

April 26, 2017 Posted by | climate change, Egypt | Leave a comment

Russia’s Rosatom keen to establish entire nuclear industry in Egypt

nuclear-marketing-crapCairo, Moscow Agree on Egypt’s First Nuclear Power Plant Construction Terms http://sputniknews.com/middleeast/20160731/1043814467/egypt-russia-agree-plant-construction.html  The Egyptian presidential office announced that Egypt and Russia have agreed on all the clauses of the commercial contract on construction of the first nuclear power plant in the country. The date of contract signing is expected to be announced right after its approval by the country’s supreme administrative court, the Council of State.

Russia and Egypt signed an intergovernmental agreement on the construction of the Dabaa nuclear power plant on the Mediterranean Sea coast in November 2015. It is set to become the largest construction project carried out by Russia and Egypt since the Aswan Dam.

The contract for the construction of the nuclear power plant is estimated to be worth over $26 billion. The plant will include four units, each one with a capacity reaching 1200 megawatts. The complete offer of the state corporation Rosatom suggests assistance from Russia in the establishment of an entire nuclear industry in Egypt.

August 1, 2016 Posted by | Egypt, marketing, Russia | Leave a comment

Egypt goes into $25 billion nuclear debt to Russia

Russian-Bearflag-EgyptEgypt gets $25 billion loan from Russia for nuclear plant http://www.theprovince.com/business/egypt+gets+billion+loan+from+russia+nuclear+plant/11930248/story.html BY THE ASSOCIATED PRESS MAY 19, 2016 CAIRO – Egypt has announced a $25 billion loan from Russia for the building of a nuclear power plant.

Thursday’s announcement came in a decree by President Abdel-Fattah el-Sissi. The Russian loan will cover 85 per cent of the expenses of the plant’s construction.

Egypt, which will cover the other 15 per cent, is to repay the loan over a 22-year period, starting in 2029, with a 3 per cent annual interest rate.

Egypt and Russia agreed in February 2015 to build the plant together and signed a memorandum of understanding on the project. But the relations between the two nations were badly impacted after the horrific Russian passenger plane crash in Sinai last October, when all 224 people on board were killed.

Egypt’s economy has plummeted amid a slump in the tourism sector.

May 20, 2016 Posted by | Egypt, marketing, Russia | Leave a comment

Russia is offering bribes for Egypt to buy its nuclear reactors

Russian-BearNegotiations over establishment of Dabaa nuclear plant ongoing: Minister of Electricity, Daily News, Egypt, 21 Feb 16    Egyptian minister of Electricity and Renewable Energy, Mohamed Shaker, said the ministry is still negotiating with Russia’s Rosatom over technical, financial, and technological agreements to establish the first Egyptian nuclear power plant in the Dabaa area.

He told Daily News Egypt the Russian offer has better features than other offers from French, Chinese, and Korean companies. The offer includes providing nuclear fuel supply to the nuclear power plant throughout its operating period, which is estimated to be 60 years. In addition, it will be responsible for the management of spent nuclear fuel, operation and maintenance, and training human resources……http://www.dailynewsegypt.com/2016/02/21/negotiations-over-establishment-of-dabaa-nuclear-plant-ongoing-minister-of-electricity/

February 22, 2016 Posted by | Egypt, marketing, Russia | Leave a comment

Russia trying to sell to Egypt nuclear reactors with 80 year operation

Russian-BearMoscow, Cairo to Discuss Construction of Nuclear Power Plant on January 31, Sputnik News, 8 Dec 15  Egyptian Ambassador to Russia Mohamed Badri said that Russia and Egypt will discuss the construction of a nuclear power plant within the framework of the Russia-Egypt intergovernmental committee on January 31……

On November 19, Moscow and Cairo signed an intergovernmental deal on the construction of a nuclear power plant in Egypt.

According to the Russian state nuclear corporation Rosatom, the plant will take around 10 years to build and will be in operation for around 80 years…….. http://sputniknews.com/business/20151208/1031425665/russia-egypt-nuclear-power.html#ixzz3tldVDvoI

December 9, 2015 Posted by | Egypt, marketing, Russia | Leave a comment

Despite airplane bombing , and Egypt’s lax security, Russia to provide nuclear reactors to Egypt!

safety-symbol1flag-Egyptflag_RussiaEgypt’s Nuclear Power Plant Deal With Russia Signed Amid Escalating Tensions  By Menna Zaki, AllAfrica, 20 Nov 15 

President Abdel Fattah al-Sisi signed a nuclear power plant deal with Russia Thursday, just days after the Kremlin’s unilateral announcement that the Russian charter flight which blew up over Sinai late October was downed by an act of terrorism…….

The deal, which has been under negotiation for months, was signed days after Russia vowed to avenge the terrorist bombing of a Russian airliner killing all 224 passengers and crew on board, the majority of whom were Russian holidaymakers visiting the resort city of Sharm el-Sheikh and heading to St. Petersburg.

Since the crash, Egypt has made no conclusive statements on the results of the Egypt-led international investigation, agreeing only that the jet broke up midair after abruptly disappearing from the radar 23 minutes from takeoff.

Egyptian officials said on separate occasions that it is too early to jump to conclusions and that no criminal evidence can be established so far.

Russia, on the other hand, announced days before signing the nuclear deal with Egypt that the crash was a terrorist act. Days after the crash, Russia had halted all flights to Egypt and banned the national carrier EgyptAir from flying to Russia, apparently based on information passed on by the UK which was not shared with Egypt, according to Egyptian officials…….

Russia announced Thursday that it has evacuated 90,000 of its citizens from Egypt, with the remaining 2,500 to leave by November 30………Egypt’s lax airport security has come under heavy scrutiny since the incident amid news reports that small bribes by travellers are enough to help them bypass queues and luggage scanners…….http://allafrica.com/stories/201511201808.html

November 21, 2015 Posted by | Egypt, Russia, safety | Leave a comment

Russia marketing nuclear reactors to Egypt, involving big debt for Egypt

Russian-BearEgypt, Russia sign deal to build a nuclear power plant Reuters, 19 Nov 15  CAIRO Moscow and Cairo signed an agreement on Thursday for Russia to build a nuclear power plant in Egypt, with Russia extending a loan to Egypt to cover the cost of construction.

A spokesman for Russia’s state-owned nuclear firm Rosatom said the plant, Egypt’s first, would be built at Dabaa in the north of the country and was expected to be completed by 2022.

Egyptian President Abdel Fattah al-Sisi, speaking on state TV, gave few details but said the project would involve the building of a ‘third-generation’ plant with four reactors.

It is not clear how much the deal is worth but Sisi said the loan from Russia would be paid off over 35 years……..http://www.reuters.com/article/2015/11/19/us-nuclear-russia-egypt-idUSKCN0T81YY20151119#BuK0P0P54h5xD8LD.97

November 20, 2015 Posted by | Egypt, marketing, Russia | Leave a comment

Russia promoting its nuclear technology to Egypt

Russian-BearRussia to help Egypt build ‘a whole new nuclear power industry’ – Putin, Rt.com  February 10, 2015 Russia will contribute to building “a whole new nuclear power industry” in Egypt, President Vladimir Putin has announced as the two countries have signed a number of agreements after a meeting in Cairo.

The leaders of Russia and Egypt have signed “a memorandum of understanding to build the first nuclear plant in [the northern city of] El-Dabaa,” Egyptian President Abdel Fatah al Sisi has told reporters at anews conference at Cairo’s Al Qubba presidential palace.Russia would contribute not only to the construction of a nuclear power plant, but also staff and scientific research, President Putin said……..http://rt.com/news/231055-putin-sisi-egypt-talks/

February 14, 2015 Posted by | Egypt, marketing, Russia | Leave a comment

Nuclear power agreement between Russia and Egypt

Russian-BearCairo and Kremlin agree on building a nuclear power plant, DW, 10 Feb 15 

Officials from Egypt and Russia have signed agreements to boost economic and industrial ties during Putin’s visit to Cairo. The two countries plan to build a nuclear power station, Egypt’s President El-Sissi says. Russia’s president, Vladimir Putin, wrapped up his two-day visit with Egyptian counterpart Abdel-Fattah el-Sissi in Cairo on Tuesday, after both countries signed a memorandum of understanding to build Egypt’s first nuclear power plant together. The power plant is expected to be made with the latest technology and have four separate blocks providing 1200 megawatts of energy each, according to Sergey Kirienko, the director general of the Russian atomic energy corporation Rosatom.

President Putin stressed that “if definite decisions are made, it would not be simply about building a nuclear power plant, but about creating a whole new nuclear industry in Egypt.”

He also stressed that Moscow had only signed a memorandum of understanding on the construction, meaning that the deal had not yet been finalized…….http://www.dw.de/cairo-and-kremlin-agree-on-building-a-nuclear-power-plant/a-18248404

February 11, 2015 Posted by | Egypt, marketing, Russia | Leave a comment

Egypt’s New and Renewable Energy Authority (NREA) selects 67 companies to develop 4.3 GW project

renewable_energyHuge interest in Egyptian renewable energy tender
05. JANUARY 2015 | GLOBAL PV MARKETS, APPLICATIONS & INSTALLATIONS | BY: JONATHAN GIFFORD

The chairman of Egypt’s New and Renewable Energy Authority (NREA) has revealed that 67 companies have been selected to take part in developing 4.3 GW of renewable energy projects in the country. The successful companies were chosen from 177 applicants. http://www.pv-magazine.com/news/details/beitrag/huge-interest-in-egyptian-renewable-energy-tender_100017661/#ixzz3OAPGU0b4

January 7, 2015 Posted by | Egypt, renewable | Leave a comment