Egypt – EGP 60 million to insure civil nuclear liability
Monday, 02 22 2016, Category: Insurance and Reinsurance, Country: Egypt
The Egyptian Atomic Energy Authority issued a decision setting the insurance amount or guarantee at EGP 60 million in order to operate a nuclear power station.
This decision was issued by the Board of Directors of the Authority and was published in the official gazette. It stipulated that the operate of the nuclear power station has to secure the insurance amount in order to cover his liability when a nuclear accident takes place within its facilities.
In case there are more than power stations that follow the same operator, a guarantee for the highest value of these facilities should be provided.
Source: Al Borsa News