Daily News Egypt

Ten companies near acquisition of Dabaa nuclear plant's construction contracts  - Daily News Egypt

Advertising Area

Advertising Area

Ten companies near acquisition of Dabaa nuclear plant’s construction contracts 

List includes Orascom, Hassan Allam, El Sewedy, Petrojet and BJSC

Ten companies are about to acquire contracts for the construction of works at the Dabaa nuclear plant, sources close to the matter told Daily News Egypt. 

 The companies include Hassan Allam, Orascom Construction, Power Generation Engineering & Service Co. (PGESCO), El Sewedy Electric, Petrojet, Archirodon, Siemens, and the Arab Organization for Industrialization (AOI).

The sources added that more than 200 companies submitted their documents to the commission, adding that the technical review and examination would determine if they meet all specifications to work in the Dabaa power plant.

Gregory Sosnin, vice president of Atomstroyexport, which is responsible for the implementation of the Dabaa nuclear plant, said his company had contacted several Egyptian companies and had been negotiating with them to work in the Dabaa nuclear plant.

He said during a speech at the Fifth Arab Forum on the Prospects of Nuclear Power for Electricity Generation and Seawater Desalination, that 10 companies fully qualified to work in the nuclear plant, including Orascom Construction, Hassan Allam, and Petrojet and the latter signed a contract with them recently.

He added, “We are optimistic about the construction and business sector in Egypt to work in the Dabaa nuclear power plant.”

Gregory said that two tenders have been put forward and submitted by several companies, and the winning companies are scheduled to be announced soon. 

The Dabaa project consists of four nuclear reactors, with a capacity of 1,200 MW each, totalling 4,800 MW. The Russian Ministry of Finance has provided a financing loan for the establishment of the project worth $25bn, representing 85% of its value. President Abdel Fattah Al-Sisi approved the loan agreement in May 2016.

Topics: Dabaa nuclear

Advertising Area

Breaking News

No current breaking news

Receive our daily newsletter