Balbaa noted that the ministry had completed the preparation of a Request For Proposals (RFP) and related other specifications for the set up of a nuclear plant, reports Egypt Independent.
Following approval from the Egyptian President Mohamed Morsy, the pamphlet will be presented to investors. The energy ministry is expecting to implement the nuclear project this year.
It was also reported that the nation’s nuclear program aims to establish four power plants to produce a total of 4000MW by 2025.
The first nuclear plant is scheduled to come on line by 2020.
In addition, the ministry is encouraging investors to spend on renewable energy resources, according to Balbaa. Over 7845km² of area has been allocated to build wind energy projects in the Gulf of Suez and on the banks of the Nile.
Balbaa also informed that a solar plan to add 3500MW of power by 2027 has been approved by the Council of Ministers.
