Egypt Cements Nuclear Russian Roulette with $25B Loan from Moscow

May 19th, 2016

Awake Goy

Christof Lehmann (nsnbc ) : Egypt’s President Abdel Fatah Al-Sisi cemented the agreement about the Russian nuclear power facility in Dabaa by approving a 25 billion dollar loan from Moscow. In January Egypt began the construction of its nuclear power plant in Dabaa built by Russia’s Rosatom. Experts warned since the discovery of a new fault line that a devastating tsunami could strike the eastern Mediterranean “at any moment”. Instead of being remembered for the New Suez Canal for centuries, Egypt’s President Al-Sisi could be remembered for millennia, for a nuclear disaster that turned northern Egypt into a nuclear exclusion zone.

Egypt’s official State Gazette reported on Thursday that President Abdel Fatah Al-Sisi approved a $25 billion loan from Russia for the construction of the nuclear power facility in Dabaa in upper Egypt. Al-Sisi met with Electricity Minister Mohamed Shaker Saturday, after the latter returned from Russia to review the final contract on the construction of the plan, scheduled to start mid-2016.

The Russian Rosatom State Nuclear Energy Corporation, Rosatom, has granted scholarships to 50 Egyptian students who will travel to Russia to learn how to operate the NPP while it is under construction, reported The Cairo Post in April. The contract for the construction of the nuclear facility (note the euphemism “plant”) was signed in November 2015. The “plant” comes at a cost of $20 billion for four reactors. Russia will loan Egypt 80 percent of the cost. The loan is to be repaid over 35 years from the revenues, starting in 2024.

The Coming Mediterranean Tsunami and Nuclear Russian Roulette

Independent, informed and honest economists as well as experts in nuclear energy have long deflated the myth about the “too cheap to meter” slogan that was used to promote the “peaceful use of atoms” at the height of the cold war.

The cost associated with the storage of highly radioactive “spent fuel” for decades to centuries and millennia is orders of magnitude higher than any “revenue” that any NPP can ever accumulate. Add to this the price tag for decommissioning the “plant”. Add to that the known health-related cost linked to nuclear power plants. …

And this is the best case scenario, provided that nothing goes awry, like at Thee Miles Island, USA, in Chelyabinsk, Russia, in Chernobyl, Ukraine, or in Fukushima after an earthquake and a subsequent tsunami led to catastrophic meltdowns at the Fukushima Daiichi Nuclear Power Plant. Egypt is about to join the club of Mediterranean nations that are playing Nuclear Russian Roulette.

It Can’t Happen Here? Yes It Can – And It Will

Could an earthquake in the Mediterranean cause a Fukushima-like tsunami in Egypt? The answer is not only “yes it can”, it is “yes it will”, and experts warn that a catastrophic tsunami could inundate and devastate the Egyptian coast “at any moment”.

In 2007 Ata Elias and colleagues of the National Center for Geophysical Research in Beirut, Lebanon, discovered a new underwater fault line in the Mediterranean that now can explain previous catastrophic tsunamis that destroyed coastlines and cities. Elias noted that the fault line was the cause of the catastrophic earthquake in 551 A.D. The fault is estimated to produce a megathrust earthquake averagely every 800 years, so the next one is, so to speak, overdue.

The previously unrecognized, at least 100 km long fault line in the Hellenic Trench is, contrary to other fault lines not “lubricated”.

Roger Bilham, geophysicist at the University of Boulder, Colorado commented on the 2007 discovery of the new fault line, saying that the study presents “bad news” – namely, that a handful of faults in the area “could slip in megaquakes (a.k.a. megathrust earthquakes) at any time”. Bilham added: “That the Mediterranean, with its growing coastal population in excess of 130 million … could host a large tsunami at any moment is cause for considerable unease”.

The historian Ammianus Marcellinus documented the devastating effects of the last megathrust earthquake and tsunami event in Alexandria, Egypt for posterity. Marcellinus wrote:

“The solidity of the whole earth was made to shake and shudder, and the sea was driven away,” he wrote. “The mass of waters returning when least expected killed many thousands by drowning. … Huge ships … perched on the roofs of houses …and others were hurled nearly two miles [3.2 kilometers] from the shore. … “

Other, separate accounts tell of earthquakes and tsunamis hitting other cities around the Mediterranean at roughly the same time. What would Ammianus Marcellinus have written for posterity, had there been a Nuclear Power “Plant” in Dabaa? Egypt’s President Abdel Fatah Al-Sisi will be remembered as the General who came to power by a people-powered coup who built the New Suez Canal within one year, and who is building new ports and other vital infrastructure for and in Egypt. Why add a killer “plant” to the equation and silence those in Egypt (and Russia) who voice justified concerns?

CH/L – nsnbc 19.05.2016

Source Article from http://nsnbc.me/2016/05/19/egypt-cements-nuclear-russian-roulette-with-25b-loan-from-moscow/