June 18, 2009 / 10:45 AM / in 8 years

WorleyParsons signs Egypt atomic consultancy deal

CAIRO (Reuters) - Australia’s WorleyParsons signed on Thursday a nuclear power plant consultancy contract with Egypt worth 896 million Egyptian pounds, Egyptian Electricity Minister Hassan Younes said.

WorleyParsons won the contract after talks with initial favourite U.S.-based Bechtel Power Corp stalled.

The company had come in second after Bechtel in the tender held by Egypt to pick a consultant for its first nuclear power plant.

Younes confirmed the contract was signed to reporters after the deal was inked by the head of Egypt’s Atomic Energy Authority and a WorleyParsons executive.

Egypt said in October 2007 it will build several nuclear power stations to meet its growing energy needs and has had nuclear cooperation offers from China, Russia, France and Kazakhstan.

The consultancy will choose the technology and the site for the reactors, ensure quality control for the project, train personnel to run the power plant, and provide other technical services, official media have said.

The company would also supervise design, construction and early test-runs.

Egypt ratified the nuclear Non-Proliferation Treaty in 1981 but said last year it would not sign an additional protocol that would give the U.N. nuclear watchdog the right to make intrusive short-notice inspections of nuclear facilities.

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