KHNP Selected as Sole Negotiation Partner for 'Egypt El-Dabaa' Nuclear Power Project
Scheduled Contract for Secondary Side Construction Including Turbine Building
[Sejong=Asia Economy Reporter Joo Sang-don] Korea Hydro & Nuclear Power (KHNP) announced on the 2nd that it has been selected as the sole negotiation partner for the secondary side construction project contract, including the turbine buildings, of the four units of the El-Dabaa Nuclear Power Plant in Egypt being constructed by Russia's JSC ASE. This means that KHNP is the only contract negotiation partner selected by JSC ASE.
Both parties plan to complete negotiations on price and key contract terms by February, then proceed with internal approval processes respectively, aiming to sign the contract by the end of April. However, this schedule may change depending on the progress of negotiations and project conditions.
If KHNP wins the contract for the secondary side construction project of the El-Dabaa Nuclear Power Plant in Egypt, it is expected to bring new vitality to the nuclear power industry as domestic nuclear power plant construction companies as well as domestic nuclear power equipment suppliers will participate together.
Additionally, the Korean nuclear power industry plans to promote cooperation with local Egyptian companies introducing nuclear power for the first time, based on the proven experience and project execution capabilities demonstrated in domestic projects and the Barakah Nuclear Power Plant project in the United Arab Emirates (UAE).
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The El-Dabaa Nuclear Power Plant project in Egypt is a project to construct four 1200 MW-class VVER-1200 nuclear reactors, ordered in 2017 by Egypt's Nuclear Power Plants Authority (NPPA) to JSC ASE, a subsidiary of Russia's state-owned nuclear company Rosatom. Construction is set to begin in earnest this year, with the goal of commercial operation of the first unit in 2028.
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