Building of the first nuclear power plant in Egypt will start off in mid-2016, and expected to take 5 years; an official has said.
The tender for construction of the first phase of the nuclear power plant is being competed by Russia, China, and South Korea. Phase 1 will involve construction of two nuclear-operated facilities, each with a capacity to produce 950 to 1,600 MW. The nuclear power plant will be constructed in four phases.
Construction of Egypt’s first nuclear power plant has been stalled since 55-kilometer-square land was allocated in Matrouh governorate, which is located 183.9 miles from Cairo on the North Coast. On February this year, Egyptian president Abdel Fattah el-Sisi and his Russian counterpart Vladimir Putin agreed that Russia would build nuclear power plant in the country. The deal was made when President Vladimir Putin visited Egypt.
The official, said that Russia had offered more benefits in the current bid being contested by Russia, China, and South Korea.
Korea Electric Power Corporation (KEPCO) has announced that South Korea has signed an MOU with Arab Contractors to see exporting of Korean nuclear power to Egypt. The deal was put on pen during the “Korean Nuclear Industry Roadshow” organized by KEPCO on November 5th and 6th, which took place in Egypt. The event targeted at promoting Korean nuclear power in Egypt.