ASX-listed energy services firm Worley Limited has announced it will consult on the construction of Egypt’s first nuclear power plant.
Worley – formerly Worley Parsons – said it had been contracted by Egypt’s Nuclear Power Plants Authority to support the project at El Dabaa, on the Mediterranean coast, west of Alexandria.
The power plant will comprise four pressurised water reactors with a nameplate capacity of 4800MW.
Worley said it will provide a range of services – including technical support in engineering and design review, project management, training, and quality assurance – but did not offer a dollar value on the contract.
Worley has worked with NPPA since 2009 and this contract extends the relationship until the end of 2030.
“We are pleased to continue our relationship with NPPA and help Egypt develop its nuclear industry to meet the world’s changing energy needs,” Worley chief executive Andrew Wood said on Monday.
Shares in Worley were down 1.1 per cent at $15.35 at 1143 AEDT following the announcement, but have still climbed 34.5 per cent in value during 2019.
Earlier this month Imperial Oil Limited and Syncrude Canada Limited extended their long-term engineering and procurement services contract with Worley for an additional five years.
Source: Thanks smh.com