Egypt to build four nuclear power plants by 2025
Friday, July 16, 2010 6:26 AM

Related Stories



CAIRO, Jul. 16, 2010 (Xinhua News Agency) -- Egypt has decided to build four nuclear power plants by 2025, Egypt's Minister of Electricity and Energy Hassan Younes said.

"The bodies in charge of carrying out the Egyptian nuclear program are currently studying the after-2025 stages as the issue of setting up four nuclear plants before this date has already been decided and there is no way to retreat from establishing any of the four plants," the country's El-Shorouk daily newspaper quoted the minister as saying on Friday.

"We are currently defining the number of plants that we will need after 2025, as we adopt a strategy based on the diversification of energy resources including the nuclear, traditional and renewable energy," he added.

Meanwhile, the Egyptian minister ruled out Cairo could be pressurized over its nuclear energy program or face any problems regarding nuclear fuel supplies. He affirmed that his country maintains good relations with international partners and deals with the issue with much transparency.

In June, International Atomic Energy Agency Director General Yukiya Amano said in Cairo the agency was ready to cooperate with Egypt to build nuclear power stations.

The UN nuclear watchdog chief indicated the agency had proposed to send a mission to Egypt to help with the country's projects.

In October 2007, Egyptian President Hosni Mubarak announced a plan to build several nuclear power stations to meet the country's increasing demand of electricity.

 

Sponsors

Symbol :

Advertisement

Market news:

  • ETF Update: FAS, FAZ, SPY Sep 03, 2010 05:48 PM

    Direxion Daily Financial Bull 3X Shares (NYSEArca: FAS) was one of the biggest gainers among the ETFs on Friday, September 3, 2010.

  • Stocks Hitting 52-Week Lows: TSCO, CCMP, SYUT, GA Sep 03, 2010 04:11 PM

    Following is a brief list of stocks touching 52-week lows in intra-day trading on Friday, September 3, 2010

  • Stocks Hitting 52 week high: LVS, CMG, CMI, VMW, FFIV, NTY Sep 03, 2010 03:47 PM

    Following is a brief list of stocks touching 52-week highs in intra-day trading on Friday, September 3, 2010

  • Today's Big Losers: SEAC, MITL, ZQK, CLDX Sep 03, 2010 03:37 PM

    Shares of SeaChange International Inc. (NASDAQ: SEAC) slumped more than 16% on Friday after the company reported disappointing second quarter results, and issued third-quarter earnings guidance that missed Wall Street expectations.

  • Today's Big Gainers: DAL, TBI, ESL, KKD Sep 03, 2010 02:41 PM

    Delta Air Lines (NYSE: DAL) rose more than 3% on Friday after the company said that system traffic in August 2010 increased 1.1 percent compared to August 2009 on a 1.2 percent increase in capacity.

More news


Advertisement

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
anamrdaNA JNJ$1.15
XXXXXXXXXX SDRL$0.64
XXXXXXXXXX AXP$0.82
XXXXXXXXXX KWK$0.16
robertXXXXX AIG$0.99
NunyaXXXXX KOG$0.02
xy YRCW($0.09)
XXXXXXXXXX BZH($0.28)
XXXXXXXXXX HOGS$0.35
XXXXXXXXXX AGNC$1.16