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UK’s projected high electricity costs for Hinkley nuclear project – a warning for Egypt

All Africa 1st Dec 2020, No official details have yet been given to indicate what the price will be
for electricity generated by the El Dabaa plant that Russia’s state-owned
Rosatom is building in Egypt.
But in 2016, one Egyptian energy expert
predicted that prices per megawatt hour – how much it costs to produce one
megawatt of energy for one hour – from El Dabaa would be at least four
times more than from renewable power sources. Renewable energy prices have
fallen significantly since 2016, while nuclear power has become more
expensive.
British consumers will pay excessive amounts for electricity
from the Hinkley Point C nuclear power station that EDF is building for
decades after the plant is completed. While construction does not follow
the Build-Own-Operate model, EDF negotiated a 35-year power purchase price
linked to inflation with the British government in 2016 to extract as much
profit as possible. The British government’s Public Accounts Committee
conservatively estimated that this deal will cost consumers an additional
$40 billion (about R615 billion) over the 35 years of the contract compared
with alternative energy sources such as solar and wind.https://allafrica.com/stories/202012010852.html

December 3, 2020 Posted by | business and costs, Egypt | Leave a comment

Power hungry Russia foisting nuclear power on Egypt – Africa – where it is not needed

September 24, 2020 Posted by | Egypt, politics international, Russia | Leave a comment

Egypt supports Bamako Convention banning import of hazardous waste, especially radioactive, into Africa

Egypt supports Bamako Convention banning import of hazardous waste into Africa: Minister.  https://www.egypttoday.com/Article/1/91884/Egypt-supports-Bamako-Convention-banning-import-of-hazardous-waste-into    Egypt Today, CAIRO – 12 September 2020: Environment Minister Yasmine Fouad has asserted Egypt’s support to the Bamako convention and called for cooperation among African countries to face the coronavirus pandemic without affecting the environment.

This came during her speech at a virtual meeting of the Bureau of the Bamako Convention on Saturday.

The minister also asserted that hazardous materials and waste were banned from being imported into Africa, noting the importance of controlling their trans-boundary movement.

She also underlined the importance of finding new measures to build African capabilities to deal with such hazardous materials and waste.

The Bamako Convention is a treaty of African nations prohibiting the import into Africa of any hazardous (including radioactive) waste.

The convention was adopted in 1991 and came into force in 1998 with the aim of protecting human and environmental health.

September 17, 2020 Posted by | Egypt, wastes | Leave a comment

Egypt going into $25 billion debt to Russia, to buy nuclear reactors

Russia lends Egypt $25 billion for Dabaa nuclear power plant, AL-Monitor, 26 Feb 20,  CAIROAtomstroyexport, a subsidiary of Russia’s State Atomic Energy Corporation, or Rosatom, announced Feb. 17 that three Egyptian companies were awarded a tender offer for constructing the first phase of Egypt’s Dabaa nuclear power plant.

The three Egyptian companies, competing among 10 others, are Petrojet, Hassan Allam and the Arab Contractors.

The Egyptian government intends to start negotiations within the next few days with the Egyptian Nuclear and Radiological Regulatory Authority to obtain permission to start implementing the Dabaa nuclear plant project. The plant will be constructed in the Dabaa area of Marsa Matrouh governorate in the west of the country.

The Dabaa plant is the first nuclear plant for peaceful uses, with a total capacity of 4.8 gigawatts. The project is financially supported by Rosatom through a Russian loan amounting to $25 billion………….

Yemen al-Hamaki, a professor of economics at Ain Shams University said that under this agreement Egypt will use the loan to finance 85% of the total value of the building, construction, insurance and all other related works. Egypt would bear the remaining 15% in the form of installments. The loan is for 13 years at a 3% annual interest rate. If Egypt fails to repay any of the annual interest within 10 working days, it shall be subject to arrears of 150% of the interest rate calculated on a daily basis

Hamaki also warned that this massive Russian loan of $25 billion could blow up Egypt’s foreign debts. “This loan is a great risk to the future because it burdens the state and should be settled from the wealth and economic assets of the future generations,” she said, adding, “Egypt’s resorting to many loans foretells its inability to attract foreign investments, while tourism revenues continue to decline.” …..  https://www.al-monitor.com/pulse/originals/2020/02/power-plant-nuclear-egypt-russia-loan.html#ixzz6F5iQcolQ

February 27, 2020 Posted by | Egypt, marketing, Russia | Leave a comment

Egypt’s solar energy success

Reuters 17th Dec 2019, Near the southern Egyptian city of Aswan, a swathe of photovoltaic solarpanels spreads over an area of desert so large it is clearly visible from space. Designed to anchor a renewable energy sector by attracting foreign and domestic private-sector developers and financial backers, the plant now provides nearly 1.5 GW to Egypt’s national grid and has brought down the price of solar energy at a time when the government is phasing out electricity subsidies.

https://www.reuters.com/article/us-egypt-solar/giant-solar-park-in-the-desert-jump-starts-egypts-renewables-push-idUSKBN1YL1WS

January 6, 2020 Posted by | Egypt, renewable | Leave a comment

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

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2017-10-20 17:00:50Z | http://piczard.com | http://codecarvings.com

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/

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