Russia, South Korea cooperate on Egypt’s Dabaa nuclear plant
South Korea has won a $2.25 billion deal to construct turbine buildings for Egypt’s first nuclear power plant in Dabaa, which Russia is currently constructing.
South Korea will be in charge of constructing turbine buildings for Egypt’s first nuclear power plant in Dabaa, after the state-run Korea Hydro and Nuclear Power secured a $2.25 billion deal from an affiliate of Russia’s state-run nuclear energy company Rosatom.
On Aug. 25, Rosatom, the contractor for the Dabaa nuclear plant project, signed the contract with Korea Hydro & Nuclear Power Company to cooperate on the construction of the turbines.
In a statement published on its website, Rosatam said, “According to the agreement, the Korean company will construct some 80 buildings and structures at four units of the power plant and will procure and supply equipment and materials for the turbine islands.”
In 2015, Egypt and Russia agreed to build the plant, consisting of four nuclear reactors, with a total capacity of 4,800 megawatts, at a cost of $30 billion. Under the agreement, 85% of the cost will be financed through a Russian loan of $25 billion, with a 3% interest rate.
