S. Korea to Participate in Egypt's Nuclear Power Project

Korea was selected to participate in the El-Dabaa nuclear power plant project in Egypt, media outlets reported on Sunday.

The Korea Hydro & Nuclear Power (KHNP) revealed that it has been selected as the single-source supplier of "turbine islands" for El-Dabaa nuclear power plants.

Reports noted that El-Dabaa will be Korea's biggest nuclear power export contract since the Barakah nuclear power plant deal in the United Arab Emirates (UAE) was signed in 2009.

In the project, four reactors rated at 1.2 gigawatts will be built by Atomstroyexport (ASE), a subsidiary of Moscow's state-owned Rosatom, with financing from the Russian government.

In this manner, the two parties shall negotiate details of the contract, including the price and terms and conditions, through the end of February before the respective boards give their approval.

Finally, KHNP stressed that it will work to expand the scope of its work with the Egyptian companies in the project.