Close Menu
The Oasis Report
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
What's Hot

Germany Lowers Gas Security Alert Level as Supply Bottlenecks Ease

July 1, 2025

Oil Edges up as Investors await OPEC+, Tariff Talks

July 1, 2025

Farming and domestic demand drives growth in Morocco

July 1, 2025
Facebook X (Twitter) Instagram
Trending
  • Germany Lowers Gas Security Alert Level as Supply Bottlenecks Ease
  • Oil Edges up as Investors await OPEC+, Tariff Talks
  • Farming and domestic demand drives growth in Morocco
  • Qatar’s non-oil economy outperforms hydrocarbon sector
  • Oman to roll out e-invoicing to speed up tax payments
  • Slower profit growth ‘no cause for concern’ for Saudi banks
  • Saudi Real Estate Market Surpasses $44 Billion in First Half of 2025
  • 12 Trendsetting Concept Stores in Jeddah
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
The Oasis ReportThe Oasis Report
Tuesday, July 1
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
The Oasis Report
Home » Egypt Makes Progress in its Nuclear Energy Project

Egypt Makes Progress in its Nuclear Energy Project

adminBy adminApril 2, 2025 Startups No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Egypt has reported significant progress in the construction of the El-Dabaa nuclear power plant in the country’s northwest, a project being developed in cooperation with Russia. The government announced on Tuesday that more than 20% of the project has been completed.

Egypt and Russia signed a cooperation agreement on November 19, 2015, to establish the nuclear power station at a cost of $25 billion, funded through a Russian government loan. The final agreements for El-Dabaa were signed in December 2017.

The plant will consist of four nuclear reactors with a total generation capacity of 4,800 megawatts, each producing 1,200 megawatts. The first reactor is scheduled to begin operations in 2028, with the remaining units coming online gradually as part of Egypt’s energy mix.

In its quarterly performance report, the Egyptian government stated that the project aligns with efforts to expand the peaceful use of nuclear energy within the national power grid.

President Abdel Fattah al-Sisi emphasized in November the importance of executing energy projects efficiently and on schedule, calling them a pillar of Egypt’s development strategy. He underscored the need to adhere to the project timeline while ensuring the highest standards of execution and workforce training.

Also in November, Prime Minister Mostafa Madbouly reaffirmed Egypt’s commitment to the project, stating that El-Dabaa would enhance renewable energy capacity and stabilize the national power grid.

In early March, Russia’s Atomstroyexport announced that construction on the second reactor at El-Dabaa had progressed ahead of schedule. According to the Egyptian Nuclear Power Plants Authority, the second tier of the inner containment structure had been installed at the reactor building.

Egypt experienced widespread power outages last summer, which ended in late July after securing sufficient fuel supplies for its power plants.

The El-Dabaa project is part of Egypt’s strategy to diversify its energy sources, generate electricity to meet domestic demand, and reduce reliance on imported gas and other fuels.

On Tuesday, the government also announced an additional 200 megawatts of private-sector solar power capacity as part of its efforts to expand renewable energy. Officials said the move would support energy diversification and advance the country’s sustainable development strategy.



Source link

admin
  • Website

Keep Reading

Germany Lowers Gas Security Alert Level as Supply Bottlenecks Ease

Oil Edges up as Investors await OPEC+, Tariff Talks

Saudi Real Estate Market Surpasses $44 Billion in First Half of 2025

Saudi Arabia Approves New Regulations for Industrial Activities Outside Designated Zones

IMF to Provide Ukraine with $500 Million After Review

Saudi PIF’s Assets Surge to Over SAR4.3 Trillion in 2024, Driven by Strong Revenues and Strategic Growth

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Farming and domestic demand drives growth in Morocco

July 1, 2025

Qatar’s non-oil economy outperforms hydrocarbon sector

July 1, 2025

Oman to roll out e-invoicing to speed up tax payments

July 1, 2025

Slower profit growth ‘no cause for concern’ for Saudi banks

July 1, 2025
Latest Posts

Where are investors putting money?

June 18, 2025

Oil prices on track for solid weekly gains as China and U.S. resume trade talks

June 6, 2025

Oil slips on U.S. stockpile build, Saudi Arabia price cuts

June 5, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to The Oasis Report, your trusted source for the latest news and insights on startups, markets, business, economy, and finance in Saudi Arabia. We are dedicated to providing timely, accurate, and in-depth coverage of the ever-evolving financial and business landscape in the region.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

© 2025 theoasisreport. Designed by TeraSolutions.io

Type above and press Enter to search. Press Esc to cancel.