Rosatom, Korea Hydro and Nuclear Power Sign Сontract for Joint Work at El-Dabaa NPP in Egypt
Rosatom engineering division (Atomstroyexport JSC) and Korea Hydro and Nuclear Power Co. Ltd. (KHNP) have concluded a contract for the construction of turbine islands under the El-Dabaa NPP project in Egypt.
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.
“The contract with Atomstroyexport JSC for the construction of the turbine islands can be seen as a significant achievement for Korea confirming our great capabilities for project construction and management that have already been demonstrated in the UAE. Building upon our experience acquired in the UAE, KHNP will do its best for the successful implementation of the El-Dabaa NPP project,” said Jooho Whang, KHNP CEO.
Substantial preparatory work preceded the signature of the contract. Upon the results of the consultations held in December 2021, Rosatom approved KHNP as a sole bidder that was admitted to the discussions and conclusion of the contract for the planned deal, provided KHNP complied with the ASE JSC procurement requirements and the parties reaching agreement on such terms and conditions.
“Nuclear energy does not only play an important role in meeting the increasing demand for electricity and achieving carbon neutrality but it also brings nations together. We at Rosatom strongly believe that nuclear cooperation must not stop in these turbulent times. On the contrary, it is of paramount importance to develop and expand it further benefitting our countries,” Director for International Business at Rosatom Boris Arseev said at the signing ceremony.
“In July, the project has entered the construction stage. The El-Dabaa NPP is an attractive project for international companies. KHNP is joining pool of qualified participants, among which are major Egyptian companies selected for construction works at the site,” said Alexander Korchagin, Atomstroyexport JSC Senior Vice President for NPP construction project management. “I am confident that only through well-coordinated joint work of the Russian, Egyptian and Korean teams we will be able to successfully deliver this ambitious project.”