Egypt Seeking to Construct More Nuclear Power Plants

A view of the panel discussion held in Cairo on Monday. (Asharq Al-Awsat)
A view of the panel discussion held in Cairo on Monday. (Asharq Al-Awsat)
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Egypt Seeking to Construct More Nuclear Power Plants

A view of the panel discussion held in Cairo on Monday. (Asharq Al-Awsat)
A view of the panel discussion held in Cairo on Monday. (Asharq Al-Awsat)

An Egyptian official declared Monday that the country plans to expand the construction of nuclear plants to generate electricity to meet the surging development in the country.

Head of Nuclear Fuel Sector at NPPA Hesham Hegazy said that Egypt intends to construct several nuclear plants in various regions. It already boasts the El Dabaa Nuclear Power Plant.

The country is seeking to increase dependency on nuclear energy to 8 percent by 2030, he said during a panel held by Rosatom under the title “The Role of Nuclear Energy in Sustainable Development”.

The Russian company is in charge of constructing El Dabaa plant.

The discussion was attended by the CEO of Rosatom Regional Center in the Middle East and Northern Africa region Alexander Voronkov, Rosatom Chief Sustainability Officer Polina Lion, Vice President of the ASE Group Dr. Gregory Sosnin, and Deputy Director of Nuclear Infrastructure Yulia Chernyakhovskaya.

El Dabaa Nuclear Power Plant is one of the biggest infrastructure projects backing various economic sectors, Voronkov said.

The plant is a key driver of sustainable development and a source for labor and comprehensive development across the country, he added.

As for sustainable development, Lion said that the project would achieve at least six of the UN Sustainable Development Goals seeing as that the plant has a low carbon footprint and provides electricity at reasonable prices.

It further creates around 3,000 job opportunities and more than 10,000 indirect jobs, Lion estimated.

Sosnin stated that El Dabaa plant would positively impact industrial development in Egypt and increase the GDP.



ECB's Lagarde Says 2% Inflation Target in Reach

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo
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ECB's Lagarde Says 2% Inflation Target in Reach

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo

The European Central Bank's inflation target of 2% is in reach, ECB President Christine Lagarde was quoted as saying in an interview published on Saturday.

In the interview with China's Xinhua news agency earlier this week which was released on the ECB website, Lagarde said financial stability was a prerequisite for price stability.

"We are within reach of the 2% medium-term inflation target that we have defined as price stability," she said, according to Reuters.

Earlier this month, the ECB lowered its inflation forecasts for this year and next in the 20-nation euro zone, projecting inflation of 2.0% in 2025 and 1.6% in the coming year.

Lagarde also that the ECB's efforts to create a digital currency were getting to the point where, if lawmakers support the proposal, it should be ready to move forward.