South Korea to work with Russia on Egypt’s first nuclear power plant
The move further cements Egypt and South Korea’s strong economic and defense ties.
A South Korean company will soon start work on Egypt’s first nuclear power plant. The East Asian country has good relations with Egypt as well as other countries in the Middle East.
South Korea's state-run Korea Hydro and Nuclear Power won a $2.25 billion contract from an affiliate of Russia’s state-run nuclear energy company Rosatom. Korea Hydro and Nuclear Power will provide materials and equipment for and construct the plant’s turbine building, The Associated Press reported today.
The country’s ambassador in Cairo praised the move as South Korea's successful entry into the international nuclear power market, Egypt Today reported.
What it means: Last month, Egypt’s Nuclear and Radiological Regulatory Authority licensed the construction of a nuclear power plant in Dabaa, northwest of Cairo. The authority contracted Rosatom for the project.
