The Novosibirsk Chemical Engineering Plant, part of Rosatom’s TVEL group, has signed an agreement with the Egyptian Atomic Energy Organization for the delivery of low-enriched nuclear fuel components for Egypt’s ETRR-2 reactor.
This deal is a segment of a broader agreement focusing on nuclear fuel component exports to Cairo.
The supplied items will encompass uranium elements, aluminum alloys, and aluminum powder, with the completion of delivery expected by this year.
“The product line includes uranium components, aluminum alloys, and aluminum powder. Delivery will be completed in 2024,” Rosatom’s press service added.
Rosatom highlighted that this venture is instrumental in expanding TVEL’s presence in the Egyptian sector, notably with the El-Dabaa nuclear facility’s ongoing construction, marking Egypt’s inaugural nuclear power plant.
Initiated under a 2015 bilateral agreement between Russia and Egypt, the El-Dabaa project aims to erect four power units with a combined capacity of 4,800 megawatts, poised to supply electricity to around 20 million people in Egypt.
The project’s total investment is pegged at $28.75 billion, with Russia providing a substantial portion of the funding through a 22-year loan covering about 85% of the costs at a 3% interest rate.
In 2023, the Director of the Department of Economic Cooperation at the Russian Ministry of Foreign Affairs, Dmitry Birichevsky, stated that the free trade agreement project between the Eurasian Economic Union (EAEU) and Egypt is at a “high level of completion.”
Birichevsky added, “At this moment, we can say that the draft of the free trade agreement is at a high degree of readiness, and all parties are committed to completing the negotiations.”
He emphasized that preparing similar agreements requires a comprehensive and meticulous approach, as it affects the trade and economic interests of 6 countries simultaneously, including the five Eurasian states.
