Egypt drops Bechtel as nuke consultant

May 3, 2009 23:03


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Egypt's Electricity Ministry says 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 on Sunday 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. It did not give details but local reports suggest that the deal stalled over terms of operation. 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. The entire project is expected to cost between $1.5 billion and $1.8 billion.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

A general view of the attack during the military parade in Ahvaz, Iran, 2018
September 22, 2018
Dozens killed in Iran terror attack, Zarif blames US and regional rivals