Two hundred Egyptian companies have requested to participate in the Dabaa Nuclear Power Plant, according to sources at the Nuclear Power Plants Authority (NPPA).
The sources said that the companies showed their desire to participate in the construction work, the transfer of equipment, and the supply of electrical equipment to the nuclear power plant, within the local component proportion of the first reactor, amounting to 20%.
The sources pointed out that the selection of Egyptian companies participating in the station will be in coordination with the Russian nuclear power company Rosatom and the number of contracts expected during the coming period for the implementation of civil works and supplies is 50.
The list of Egyptian companies wishing to participate in the nuclear project inclues Elsewedy Electric, Orascom, Arab Contractors, Petrojet, Hassan Allam, Egyptian German Electrical Manufacturing Co. (EGEMAC), Lafarge, Sinai Cement, Assiut Cement (CEMEX), National Cement, and Egyptian Steel.
In addition, the Arab Organisation for Industrialisation, Omega Egypt, Jotun, Falcon Group, National Transport & Overseas Services Co. (NOSCO), Misr Insurance, DSD Ferrometalco, Sico Electronics, and El Nasr Transformers and Electrical Products (Elmaco) are also looking to join the project.
According to the sources, these companies are aiming to participate in the project, and are awaiting approval to submit their oral offers.
The sources pointed out that the Ministry of Military Production agreed with the Ministry of Electricity and Rosatom to manufacture part of the local components within its factories and its subsidiaries.
The sources said that a number of Russian experts were present at the Dabaa nuclear site to complete measurements and designs. A high-level Russian delegation will visit Cairo after Christmas to consult with Sabbour Consulting Company about the design of the first phase of the project.
The National Bank of Egypt (NBE) announced its cooperation with the electricity sector, providing banking advice and services in the form of documentary credit that require opening and letters of guarantee requiring issuance, to the NPPA.
President Abdel Fattah Al-Sisi and Vladimir Putin signed the 4,800 MW nuclear power plant contracts, launching the implementation phase.
The first unit is expected to be delivered and commercially operational by 2026, and the second, third, and fourth units are expected to be completed by 2028, in accordance with implementation programmes agreed between the parties.
Egypt signed a $25bn with Russia, representing 85% of the cost of the project, with an interest rate of 3% per year.