Egypt announces nuclear plant projects

Other News Materials 29 October 2007 16:52

( AP ) - Egyptian President Hosni Mubarak on Monday announced plans to build several nuclear power plants, joining several Arab countries in the Middle East that recently have broadcast their own atomic energy ambitions.

Mubarak said in a speech broadcast live on national television that the decision to build these nuclear power stations was to diversify Egypt's energy resources and preserve the country's oil and gas reserves for coming generations.

"I announce before you Egypt's position to prepare the program for building several nuclear power stations. We believe that energy security is a major part of building the future for this country and an integral part of Egypt's national security system," Mubarak said at a ceremony inaugurating the second phase of construction of an electrical power plant north of Cairo.

Mubarak said he would re-establish the Supreme Council for the Peaceful Purposes of Nuclear Power, which would be in charge of the nuclear program. He also said Egypt would seek the help of its "international partners" and the U.N. nuclear watchdog, the International Atomic Energy Agency, in building the nuclear power plants.