Doosan Enerbility signs $1.2 billion deal to build nuclear plant in Egypt

The contract with KHNP is part of a $30 billion project led by ASE JSC, the engineering division of Russia’s Rosatom

Doosan Enerbility and KHNP sign a />.2 billion deal to build nuclear plant facilities in Egypt — Doosan Enerbility and KHNP sign a $1.2 billion deal to build nuclear plant facilities in Egypt

Ik-Hwan Kim 1

2022-11-10 16:09:11 lovepen@hankyung.com

Construction

South Korea's major power plant builder Doosan Enerbility Co. said on Thursday it has clinched a 1.6 trillion won ($1.2 billion) deal to become a construction partner in the El-Dabaa nuclear power plant project in Egypt.

Doosan, formerly Doosan Heavy Industries & Construction Co, signed a contract with Korea Hydro and Nuclear Power Co. (KHNP) to build turbine islands – facilities related to turbines and generators.

KHNP is participating in the project led by Atomstroyexport JSC (ASE JSC), the engineering division of the Russian state-run nuclear company Rosatom, which won the nuclear plant deal from the Egyptian government in December 2017.

The $30 billion project in the city of El-Dabaa, 300 km northwest of Cairo, will consist of four power units, each with an electrical output of 1200 megawatts.

Doosan is a major Korean power plant builder

Construction of the unit 1 reactor’s turbines will begin in August 2023.

Doosan Enerbility said it will build 82 structures, including turbine buildings, water treatment facilities and air conditioners, as well as turbines and generators, by 2029.

The company will also join hands with local companies to meet the localization rate required by the Egyptian government.

Write to Ik-Hwan Kim at lovepen@hankyung.com
In-Soo Nam edited this article.