South Korea wins $2.5bn order to build Egypt's first nuclear plant

Contract flags an acceleration of the Yoon government's export ambitions

President Yoon Suk-yeol has made nuclear power plant exports a major economic policy, leveraging the technological capabilities of domestic manufacturers. © Reuters

KOTARO HOSOKAWA, Nikkei staff writer

August 25, 2022 21:15 JST

SEOUL -- The South Korean government announced on Thursday that a subsidiary has won a $2.5 billion order for the construction of the first nuclear power plant in Egypt.

Korea Hydro & Nuclear Power Co., a subsidiary of Korea Electric Power Corp. which is 51% owned by the Korean government and affiliated banks, will deliver and construct four units of the El-Dabaa Nuclear Power Plant.