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Egypt unveils nuclear power plan | Egypt unveils nuclear power plan |
(40 minutes later) | |
Egypt is to revive the civilian nuclear power programme it froze 20 years ago following the accident at the Chernobyl plant in Ukraine. | Egypt is to revive the civilian nuclear power programme it froze 20 years ago following the accident at the Chernobyl plant in Ukraine. |
Egypt's energy minister told the state-owned al-Ahram newspaper of plans to build a nuclear power station. | |
The plant will be constructed at El-Dabaa, on the Mediterranean coast, within the next 10 years. | The plant will be constructed at El-Dabaa, on the Mediterranean coast, within the next 10 years. |
Demand for electricity has been growing at an average rate of 7% a year and the country faces worsening shortages. | Demand for electricity has been growing at an average rate of 7% a year and the country faces worsening shortages. |
On Thursday, President Hosni Mubarak said Egypt needed to investigate new sources of energy, including the nuclear option. | On Thursday, President Hosni Mubarak said Egypt needed to investigate new sources of energy, including the nuclear option. |
Energy Minister Hassan Younes said that the project would create a fully functioning nuclear power plant within a decade. | Energy Minister Hassan Younes said that the project would create a fully functioning nuclear power plant within a decade. |
The plant is expected to cost an estimated US$1.5bn (1.17bn euros) and the government says it will seek foreign investment for the project. | The plant is expected to cost an estimated US$1.5bn (1.17bn euros) and the government says it will seek foreign investment for the project. |