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FINANCIAL NEWS
Algeria to set up first nuclear power plant in 2025
20 May 2013
(MENAFN) The Algerian Minister of Energy and Mines, Yousef Yousfi, stated that in order to meet growing demand for electricity, the North African country will establish its first nuclear power plant in 2025, reported Xinhua News citing official APS news agency.
Yousfi added that the use of nuclear power is part of the government’s renewable energy program aimed at diversifying energy sources and meet the rising demand for electricity.
He added that the Nuclear Engineering Institute will be responsible of providing the needed training for engineers and technicians prior to tasking them with the mission of running the plant.
It is worth noting that Algeria has 29,000 tons of uranium reserves, which are sufficient to set up 2 nuclear power plants, each with a capacity of 1,000 megawatts for a period of 60 years.
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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