Seoul scored major victory with successful bid to build Egyptian nuclear plant but now must work with Russian firm
The South Korean government announced in late August that Korea Hydro & Nuclear Power Co. (KHNP) has won a $2.5 billion bid to construct Egypt’s first nuclear power plant, a major boon for President Yoon Suk-yeol’s efforts to reinvigorate Seoul’s nuclear exports.
The successful Egypt bid marks the first time South Korea has been tapped to build an overseas nuclear plant in 13 years. Seoul’s last such international project was the Barakah nuclear power facility in the United Arab Emirates, which began operations last year.
The South Korean government announced in late August that Korea Hydro & Nuclear Power Co. (KHNP) has won a $2.5 billion bid to construct Egypt’s first nuclear power plant, a major boon for President Yoon Suk-yeol’s efforts to reinvigorate Seoul’s nuclear exports.
The successful Egypt bid marks the first time South Korea has been tapped to build an overseas nuclear plant in 13 years. Seoul’s last such international project was the Barakah nuclear power facility in the United Arab Emirates, which began operations last year.
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