Russian President Vladimir Putin announced that the construction of Egypt’s nuclear power station is progressing ahead of the initially projected timeline.
During the general session of the Russian Energy Week, President Putin remarked, “The fourth power unit of the Dabaa Nuclear Power Plant in Egypt is being built ahead of schedule.
This is our flagship project on the African continent. However, we are not just building a station here. In fact, from scratch, in collaboration with Egyptian specialists and our friends from Egypt, we are establishing the entire industry.”
This news comes amid a time when global energy markets are under significant strain and scrutiny. Putin underscored Russia’s sustained contribution towards maintaining equilibrium in the global energy market and reiterated its commitment to collaborating with nations sharing a similar focus.
Pointing out the stability in Russia’s fuel and energy complex, with consistent production and financial indices, President Putin affirmed that due to the actions of Russian companies and authorities, there has been an enhancement in the fleet of carriers and new mechanisms have been created for payment, insurance, and reinsurance on domestic goods.
The Russian President further critiqued, “The elites of Western countries, through their actions, have brought chaos to the global energy market, and now responsible participants, like Russia, are compelled to rectify the situation, including in the oil market. The adverse consequences of such politicized steps impact the entire global economy.”
This development brings Russia into a prominent position in the ongoing global conversations around energy production and supply, particularly in the strategic establishment of nuclear power across Africa.
With an intention to not just build, but to pioneer an entire industry, Russia showcases its aspiration to be a stalwart contributor in the international energy domain.
