a425couple
2024-01-25 18:50:21 UTC
Something serious to consider.
Russia is doing things to get closer to Egypt.
In the US we are against burning petroleum and coal,
and also wanting to tear down hydroelectric dams.
Where will we get our electricity?
from
https://www.reuters.com/business/energy/putin-sisi-mark-new-phase-egypts-russian-built-nuclear-plant-2024-01-23/
Putin, Sisi mark new phase of Egypt's Russian-built nuclear plant
Reuters
January 23, 20247:15 AM PST Updated 9 hours ago
Russian President Putin takes part in the official ceremony for pouring
the first concrete into the foundation of power unit 4 at Egypt's
El-Dabaa Nuclear Power Plant, via video link in Moscow
Russian President Vladimir Putin takes part in the official ceremony for
pouring the first concrete into the foundation of power unit 4 at
Egypt's El-Dabaa Nuclear Power Plant with the participation of Egyptian
President Abdel Fattah al-Sisi, via video link at the Kremlin in Moscow,
Russia January 23, 2024. Sputnik/Gavriil... Acquire Licensing Rights,
opens new tab Read more
CAIRO/MOSCOW, Jan 23 (Reuters) - Russian President Vladimir Putin and
Egypt's Abdel Fattah al-Sisi on Tuesday inaugurated the construction of
a new unit at Egypt's Dabaa nuclear power plant via video link, as
Moscow moves ahead with its global nuclear ambitions.
The power plant is being built by the Russian state corporation Rosatom
at a reported cost of $30 billion, and will consist of four power units
with a combined capacity of 4.8 gigawatts.
The two presidents were opening the construction of the fourth and final
unit, according to Egyptian state media.
"The cooperation between our two countries continues and is developing.
Egypt is a close friend of ours and a strategic partner," Putin said.
Egypt, which faces increasing power demand from a population of a 105
million, is seeking to position itself as a regional energy hub that
exports electricity to neighbouring countries, and to diversify its
energy sources.
Since Sisi became president in 2014 the country developed a surplus
capacity for electricity generation but has been grappling with power
cuts since last summer after heatwaves drove up demand for cooling.
Production of natural gas used for power generation has also been
dipping, and Egypt resorted to burning more polluting fuel oil in some
power stations as it tried to keep up LNG exports - an important source
of scarce foreign currency.
"Introducing nuclear energy to the energy mix...is crucial to meeting
the growing demand for electrical energy," Sisi said.
Moscow and Cairo signed an agreement in 2015 for Russia to build a
nuclear power plant in Egypt, with Russia extending a loan to Egypt to
cover the cost of construction.
Elsewhere, Russia is helping to implement projects to build Kudankulam
nuclear power project in the Indian southern state of Tamil Nadu as well
as Paks nuclear power plant in Hungary and Turkey's first nuclear power
plant in Akkuyu.
Russian state nuclear corporation Rosatom also works in China and
Bangladesh.
Reporting by Reuters; Writing by Sarah el-Safty; Editing by Aidan Lewis
and Angus MacSwan
Our Standards: The Thomson Reuters Trust Principles., opens new tab
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Russia is doing things to get closer to Egypt.
In the US we are against burning petroleum and coal,
and also wanting to tear down hydroelectric dams.
Where will we get our electricity?
from
https://www.reuters.com/business/energy/putin-sisi-mark-new-phase-egypts-russian-built-nuclear-plant-2024-01-23/
Putin, Sisi mark new phase of Egypt's Russian-built nuclear plant
Reuters
January 23, 20247:15 AM PST Updated 9 hours ago
Russian President Putin takes part in the official ceremony for pouring
the first concrete into the foundation of power unit 4 at Egypt's
El-Dabaa Nuclear Power Plant, via video link in Moscow
Russian President Vladimir Putin takes part in the official ceremony for
pouring the first concrete into the foundation of power unit 4 at
Egypt's El-Dabaa Nuclear Power Plant with the participation of Egyptian
President Abdel Fattah al-Sisi, via video link at the Kremlin in Moscow,
Russia January 23, 2024. Sputnik/Gavriil... Acquire Licensing Rights,
opens new tab Read more
CAIRO/MOSCOW, Jan 23 (Reuters) - Russian President Vladimir Putin and
Egypt's Abdel Fattah al-Sisi on Tuesday inaugurated the construction of
a new unit at Egypt's Dabaa nuclear power plant via video link, as
Moscow moves ahead with its global nuclear ambitions.
The power plant is being built by the Russian state corporation Rosatom
at a reported cost of $30 billion, and will consist of four power units
with a combined capacity of 4.8 gigawatts.
The two presidents were opening the construction of the fourth and final
unit, according to Egyptian state media.
"The cooperation between our two countries continues and is developing.
Egypt is a close friend of ours and a strategic partner," Putin said.
Egypt, which faces increasing power demand from a population of a 105
million, is seeking to position itself as a regional energy hub that
exports electricity to neighbouring countries, and to diversify its
energy sources.
Since Sisi became president in 2014 the country developed a surplus
capacity for electricity generation but has been grappling with power
cuts since last summer after heatwaves drove up demand for cooling.
Production of natural gas used for power generation has also been
dipping, and Egypt resorted to burning more polluting fuel oil in some
power stations as it tried to keep up LNG exports - an important source
of scarce foreign currency.
"Introducing nuclear energy to the energy mix...is crucial to meeting
the growing demand for electrical energy," Sisi said.
Moscow and Cairo signed an agreement in 2015 for Russia to build a
nuclear power plant in Egypt, with Russia extending a loan to Egypt to
cover the cost of construction.
Elsewhere, Russia is helping to implement projects to build Kudankulam
nuclear power project in the Indian southern state of Tamil Nadu as well
as Paks nuclear power plant in Hungary and Turkey's first nuclear power
plant in Akkuyu.
Russian state nuclear corporation Rosatom also works in China and
Bangladesh.
Reporting by Reuters; Writing by Sarah el-Safty; Editing by Aidan Lewis
and Angus MacSwan
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Read Next
Energy Transfer Executive Chairman Kelcy Warren speaks at an Argus
Conference in Houston
Sustainabilitycategory
Energy Transfer: Dakota Access oil pipe won't shut after environmental study
Energy Transfer does not expect the U.S. Army Corps of Engineers to shut
down the Dakota Access oil pipeline (DAPL) after a long-pending
environmental review of a section that runs under a lake and is opposed
by nearby Native American tribes, Executive Chair Kelcy Warren said on
Tuesday.
Crude oil tanker in Zhoushan
Marketscategory
Oil prices settle down slightly on more supply in US and abroad
Oil prices settled lower on Tuesday as traders focused on rebounding
crude output in parts of the U.S., along with rising supply in Libya and
Norway, rather than risks to supply posed by conflict in Europe and the
Middle East.
Workers at the nuclear reactor area under construction, are seen at
Hinkley Point C nuclear power station site, near Bridgwater
Grid & Infrastructurecategory
EDF's UK Hinkley Point nuclear plant start date delayed again, costs mount
French utility EDF on Tuesday again pushed back the start date on its
long-delayed 3.2-gigawatt (GW) Hinkley Point C reactor plant in Britain
to at least 2029, with a new estimated cost of between 31 billion and 34
billion pounds ($43.06 billion) based on 2015 values.