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Monday, June 22, 2009
Consultancy Contract signed for a Nuclear Plant in Egypt
Reported by Ahmed Saleh Mokhtar in Cairo
Egypt's Ministry of Electricity and Energy has on Thursday 18 June 2009 signed the first nuclear plant consultancy contract with the Australian company 'Parsons'. According to Almasry-Alyoum, a famous daily newspaper in Eygpt, the ten-year contract is for a total cost of $ 900 million.
Dr. Yassin Mohamed Ibrahim, CEO of the Nuclear Plants Authority, signed on behalf of the Egyptian side, while Mr. Stuart Brady, the director of the company, signed on behalf of the Australian side. Prime Minister Dr. Ahmed Nazif and Minister of Electricity and Energy Dr. Hassan Younis attended the signing of the contract.
Dr.
Younis said the contract will be implemented over two phases. The first
phase will update the Dabaa site feasibility studies in accordance with
global codes and standards, prepare a safety report to get the license,
prepare quality and specs procedures, technical and financial
evaluation, negotiation, preparation of the contract, as well as
training programs for cadres.
The second phase pertains to services in building the station, which include management of the project, supervision and monitoring, forming the project team, reviewing the contractor's designs and doing all necessary tests during construction.
He said the company and the Nuclear Plants Authority will meet again next month to agree on the details of the work plan and the task forces of both sides.
The local component of the contract is 47%; the highest that was offered. Also the company's bid was by LE 100 million lower than all the others.
Egypt first launched its nuclear program at the height of Cold War fervor in the 1960s and joined the Nuclear Non-Proliferation Treaty (NPT) in 1981 stressing the peaceful use of the nuclear energy. However, Egypt dropped its nuclear program entirely after the disaster at Ukraine's Chernobyl in 1986. In 2008, the Egyptian government announced its intention to resume its nuclear program to face the energy shortage expected by 2027, when Egypt will have consumed more than 50% of its Natural Gas resources.
Egypt's Ministry of Electricity and Energy has on Thursday 18 June 2009 signed the first nuclear plant consultancy contract with the Australian company 'Parsons'. According to Almasry-Alyoum, a famous daily newspaper in Eygpt, the ten-year contract is for a total cost of $ 900 million.
Dr. Yassin Mohamed Ibrahim, CEO of the Nuclear Plants Authority, signed on behalf of the Egyptian side, while Mr. Stuart Brady, the director of the company, signed on behalf of the Australian side. Prime Minister Dr. Ahmed Nazif and Minister of Electricity and Energy Dr. Hassan Younis attended the signing of the contract.
The second phase pertains to services in building the station, which include management of the project, supervision and monitoring, forming the project team, reviewing the contractor's designs and doing all necessary tests during construction.
He said the company and the Nuclear Plants Authority will meet again next month to agree on the details of the work plan and the task forces of both sides.
The local component of the contract is 47%; the highest that was offered. Also the company's bid was by LE 100 million lower than all the others.
Egypt first launched its nuclear program at the height of Cold War fervor in the 1960s and joined the Nuclear Non-Proliferation Treaty (NPT) in 1981 stressing the peaceful use of the nuclear energy. However, Egypt dropped its nuclear program entirely after the disaster at Ukraine's Chernobyl in 1986. In 2008, the Egyptian government announced its intention to resume its nuclear program to face the energy shortage expected by 2027, when Egypt will have consumed more than 50% of its Natural Gas resources.