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Egypt launches nuclear power programme UPDATE


Published :
Mon, 29 Oct 2007 11:52
By : Agencies
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CAIRO (Thomson Financial) - President Hosni Mubarak has said Egypt is to build several nuclear power stations, relaunching a nuclear programme frozen more than 20 years ago.

Mubarak said a decree would be issued in a few days' time to establish a higher council for the peaceful use of nuclear energy, the official MENA news agency reported.

Mubarak said the programme will be developed in cooperation with the United Nations' International Atomic Energy Agency (IAEA) 'within a framework of transparency and respect of commitments to the nuclear non-proliferation system.'

Egypt initiated a nuclear energy programme in the 1970s but abandoned it in 1986 after the Chernobyl nuclear catastrophe. Mubarak's regime recently outlined plans to revive it.

The 79-year-old president did not say which countries would cooperate in the construction of the power stations, nor how many were planned, but last year he discussed nuclear cooperation during visits to Russia and China.

Egypt has sought to reassure the international community by insisting that it will not import enriched uranium, amid tensions over the nuclear programmes of Iran and North Korea.

Analysts have argued that a nuclear alliance between Egypt and China -- and possibly including Russia -- could rile the US, Egypt's traditional ally.

tf.TFN-Europe_newsdesk@thomson.com

wj

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




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