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.



Egypt's EGAS Awards 6 Blocks in Mediterranean, Nile Delta, N. Sinai to Int’l Companies

A general view of the Nile River from the Egyptian capital, Cairo (Reuters)
A general view of the Nile River from the Egyptian capital, Cairo (Reuters)
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Egypt's EGAS Awards 6 Blocks in Mediterranean, Nile Delta, N. Sinai to Int’l Companies

A general view of the Nile River from the Egyptian capital, Cairo (Reuters)
A general view of the Nile River from the Egyptian capital, Cairo (Reuters)

Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday.

Companies will invest $ 245 million to drill at least 13 new exploratory wells during the exploration period.

A consortium of Chevron Egypt and  Shell's BG Group was awarded the North Samian offshore block and Northwest Atoll offshore block, where it will drill two exploratory wells in each block.

The North Ras El Tin offshore block was awarded to Eni's IEOC, with plans to drill three exploratory wells.

Cheiron Egypt will drill three exploratory wells in East Alexandria offshore block, while IPR will drill two exploratory wells in the North Tanta onshore block and Perenco will conduct 3D seismic survey and drill one exploratory well in El Fayrouz onshore block in North Sinai.