S. Korea signs 2.25 bln USD deal with Russia for Egypt's nuclear plant project

STORY: S. Korea signs 2.25 bln USD deal with Russia for Egypt's nuclear plant project DATELINE: Aug. 26, 2022 LENGTH: 00:00:59 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of a signing ceremony 2. various of Egypt STORYLINE: South Korea signed a 3 trillion won (2.25 billion USD) deal with a Russian state-run nuclear energy company to provide components for Egypt's first nuclear power plant in Dabaa on the Mediterranean coast. South Korea's government said on Thursday the contract between the state-run Korea Hydro and Nuclear Power (KHNP) and ASE, a subsidiary of Rosatom, a state-owned Russian nuclear energy corporation, requires South Korea to provide turbine-related equipment and construction work for the plant being built in Dabaa. KHNP had been engaged in negotiations with ASE as the preferred bidder for the turbine-related project since last December before the Russia-Ukraine conflict broke out in February this year. Xinhua News Agency correspondents reporting from Cairo. (XHTV)