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  • Worley (WOR) has won a contract to develop Egypt’s first nuclear power plant
  • The contract was awarded by the Nuclear Power Plants Authority of the Arab Republic of Egypt
  • Worley will provide consultation services to support the implementation of the nuclear power plant project at El Dabaa
  • Worley is down slightly on the market this morning and is trading at $15.37 apiece

Worley (WOR) has won a contract to develop Egypt’s first nuclear power plant.

The contract was awarded by the Nuclear Power Plants Authority (NPPA) of the Arab Republic of Egypt.

Worley will provide consultation services to NPPA to support the implementation of the nuclear power plant project at El Dabaa, located on the Mediterranean coast, west of Alexandria.

The power plant will include four pressurised water reactors with a nameplate capacity of 4800 megawatts.

Worley delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services.

The company has worked with NPPA since 2009 and this contract will extend the relationship until the end of 2030.

CEO Andrew Wood is pleased with the contract.

“As Australia’s leading energy services company, we are pleased to continue our relationship with NPPA and help Egypt develop its nuclear industry to meet the world’s changing energy needs,” he said.

A nuclear power plant is a thermal power station in which the heat source is a nuclear reactor.

Worley is down slightly on the market this morning and is trading at $15.37 apiece at 11:18 am AEDT.

WOR by the numbers
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