Egypt drops Bechtel for nuke project

Egyptian President Hosni Mubarak has announced plans for the nuclear-power project to diversify Egypt's energy resources.

By
May 4, 2009 10:55

 
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Egypt's Electricity Ministry said Sunday it has dropped US construction giant Bechtel as a consultant for the country's first nuclear reactor. The state-run news agency quoted a ministry statement as saying it has chosen Australia's WorleyParsons (WOR.AX) for the 10-year consultancy. In December the ministry said it had picked Bechtel for the $181 million project. The entire project is expected to cost between $1.5 billion and $1.8b. Egyptian President Hosni Mubarak has announced plans for the nuclear-power project to diversify Egypt's energy resources and preserve the country's oil and gas. He said Egypt would not seek a nuclear bomb.

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