President of Korea Hydro & Nuclear Power Visits Egypt... Promotes Participation in Eldaba Nuclear Power Project

[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Hydro & Nuclear Power (KHNP) is promoting participation in the El Dabaa nuclear power plant project in Egypt, which is being constructed by a Russian company.

KHNP announced that President Jeong Jae-hoon visited the Petrojet headquarters in Cairo, Egypt on the 16th (local time) and signed a cooperation agreement.

Through this cooperation agreement, KHNP, along with Korea Electric Power Technology, Hyundai Engineering & Construction, and Doosan Heavy Industries & Construction, will leverage their verified nuclear power plant construction experience and project execution capabilities from domestic and UAE Barakah nuclear power plant projects to promote collaboration with local Egyptian companies. In particular, they plan to support the training of local Egyptian technicians and experts and establish a long-term cooperative relationship.

To participate in the El Dabaa nuclear power plant project, the localization requirements mandated by the Egyptian government (localization ratio of 20-35%) must be met. Accordingly, KHNP has secured a foundation for project participation by promoting cooperation with Petrojet, a leading local construction company and public enterprise. Petrojet is one of the leading EPC companies with extensive experience and capabilities in plant construction design, procurement, and construction (EPC) in the Middle East and Africa regions.

President Jeong stated, "We will strive to successfully lead participation in the El Dabaa nuclear power plant project, enter the Egyptian market together with domestic nuclear power equipment companies, and inject new vitality into the nuclear power industry."

The El Dabaa nuclear power plant project in Egypt was awarded to Russian JSC ASE by the Egyptian Nuclear Authority in 2017 to construct four VVER-1200 units. ASE plans to issue EPC contracts for the secondary side of this project (turbine buildings, outdoor facilities, etc.), and KHNP is pursuing the order for this project.

This content was produced with the assistance of AI translation services.