August 22, 2008

Egypt to build 3 nuclear power plants

Mr Hosni Mubarak president of Egypt announced that a program will soon be launched to build several nuclear power plants in Egypt. Mr Mubarak said that a decree would soon be issued establishing a supreme council on peaceful uses of nuclear energy, which will oversee Egypt's nuclear plant program.

Mr Mubarak said "We believe that energy security is a key component of building the future of this country and an integral part of Egypt's national security Use of nuclear power would enable Egypt to meet its energy needs and diversify sources, allowing the country's hydrocarbon reserves to last longer.”

As per report, Egypt intends to build three nuclear plants with aggregate capacity of 1,800 MW of 600 MW each. The first plant is expected to go online in 2015-16.