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South Korea in $2.2bn deal with Russia for Egypt nuclear plant

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Korea Hydro & Nuclear Power Co. won a contract to supply buildings, equipment and materials for Egypt’s El Dabaa project.

South Korea signed a $2.2 billion deal with Russia’s state-owned Rosatom to provide buildings and components for a new Egyptian nuclear plant, Bloomberg reported.

Korea Hydro and Nuclear Power Co. won a contract to supply buildings, equipment and materials for Egypt’s El Dabaa project, South Korea’s energy ministry said in a statement.

The state-owned Korean company was selected as the sole bidder for the portion of the El Dabaa project in December 2021.

It will construct the main and auxiliary buildings and structures of the turbine islands for the units between 2023-2029.

Rosatom began construction last month of Egypt’s first nuclear power plant, located 300 kilometres northwest of Cairo. The project will include four reactors with a 1.2-gigawatt capacity each.

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