Page 8 - AfrElec Week 34 2022
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AfrElec NUCLEAR AfrElec
Koreans win $2.25bn order
to help for Dabaa NPP
EGYPT KOREA Hydro & Nuclear Power has secured a in talks for the turbine-related project since
$2.25bn order from Russian nuclear power firm December last year, before Russia’s invasion of
Rosatom to construct facilities in four units of Ukraine in February 2022.
the first nuclear power plant in Egypt’s El-Dabaa Korea helped the UAE build its first nuclear
region, according to a statement on Thursday power plant which began commercial operation
(August 25). The first unit is due to start oper- in 2021. The South Asian country is now hoping
ations in 2028. planning to win similar construction projects in
Construction works on the El-Dabaa nuclear the Czech Republic, Poland and Saudi Arabia.
project began in July. The reactors, with a capac- Russia and Egypt in November 2015 signed
ity of 1,200MW each, will be built by Rosatom an agreement worth $26bn to build and oper-
while Korea Hydro & Nuclear Power (a subsid- ate the first nuclear power plant in Egypt that
iary of Korea Electric Power that is 51% owned consists of four-unit nuclear reactors. The pro-
by the Korean government and affiliated banks) ject will generate net revenues of $264bn over
will build other facilities. 60 years.
According to the deal, the Korean firm will Moscow is reportedly lending Cairo enough
build nearly 80 buildings and facilities in the to cover 85% of the cost of the project, which
first four units of the plant that lies about 130km Rosatom director general Alexey Likhachev
northwest of Cairo on the Mediterranean coast. called the “largest project of the Russian-Egyp-
It will also provide equipment related to tur- tian cooperation since the Aswan High Dam”.
bines and construction works. Offic tem et as es
Korea Hydro and Nuclear Power had been magnatquiamquundero
P8 www. NEWSBASE .com Week 34 25•August•2022
