Kim Young-sik: "Overcoming Moon Administration's Nuclear Phase-out Failure, KHNP Achieves Triumph in Securing Egypt Nuclear Power Plant Contract"

"National Celebration for the First Time in 13 Years Since the Lee Myung-bak Administration"

Korea Hydro & Nuclear Power has secured a 3 trillion won contract for the construction of the El Dabaa nuclear power plant in Egypt.
This large-scale nuclear power project contract is the first in 13 years since the Barakah nuclear power plant in the United Arab Emirates (UAE) in 2009. It is also the first contract achievement since the launch of the Yoon Seok-yeol administration. 2022.8.25 [Provided by Korea Hydro & Nuclear Power. Resale and DB prohibited] [Image source=Yonhap News]

[Asia Economy Reporter Hyunju Lee] On the 26th, Kim Young-sik, a member of the People Power Party, expressed gratitude for Korea Hydro & Nuclear Power (KHNP) finally winning the contract for the second phase of the El Dabaa nuclear power plant construction project in Egypt.

On the day, Rep. Kim stated, "KHNP officially signed the contract for the second phase of the nuclear power plant construction project with Russia's ASE JSC in Cairo, Egypt," adding, "Considering that there were zero overseas export achievements during the five years of the Moon Jae-in administration's forced nuclear phase-out policy, this is truly a national celebration." He also added, "This is a great achievement after 13 years since the Lee Myung-bak administration secured four nuclear reactors in the UAE."

According to the contract, KHNP will construct four reactors and about 80 buildings and structures at the El Dabaa nuclear power plant and supply equipment and materials. Rep. Kim also anticipated that domestic nuclear power plant construction and supply companies will participate, benefiting the nuclear industry ecosystem.

He said, "This contract signing proved to the world that South Korea remains a nuclear power with excellent capabilities that have not rusted despite experiencing a nuclear phase-out," and added, "At the same time, it is expected to send a positive signal to upcoming overseas new nuclear power plant construction projects in countries such as the Czech Republic, Romania, and Poland."

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