{"id":548928,"date":"2022-08-28T04:00:19","date_gmt":"2022-08-28T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/south-korea-signs-usd-2-2-bn-contract-with-rosatom-for-dabaa-nuclear-plant\/"},"modified":"2022-08-28T04:00:19","modified_gmt":"2022-08-28T04:00:19","slug":"south-korea-signs-usd-2-2-bn-contract-with-rosatom-for-dabaa-nuclear-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/south-korea-signs-usd-2-2-bn-contract-with-rosatom-for-dabaa-nuclear-plant\/","title":{"rendered":"South Korea signs USD 2.2 bn contract with Rosatom for Dabaa nuclear plant"},"content":{"rendered":"

<\/a> South Korea is getting in on Dabaa: <\/strong>South Korea\u2019s state nuclear power company has signed a KRW 3 tn (USD 2.2 bn) contract with Rosatom to supply equipment and help build the 4.8 GW Dabaa nuclear plant, the companies said in separate statements (here<\/a> and here<\/a>) on Thursday.<\/p>\n

In detail<\/strong>: Rosatom\u2019s export arm Atomstroyexport has contracted Korea Hydro and Nuclear Power to supply equipment and materials for the turbines and build some 80 buildings, Rosatom said. The South Korean company was selected as the sole bidder<\/a> for the contract after signing an early agreement at the beginning of 2022.<\/p>\n

Construction began last month:<\/strong> The announcement comes nearly a month<\/a> after Rosatom \u2014 which is handling construction and providing fuel for Dabaa \u2014 began construction at the USD 30 bn facility.<\/p>\n

The Korean government consulted closely with the US on the agreement<\/strong> with Rosatom and confirmed that the transaction did not breach any sanctions against Moscow, Bloomberg<\/a> reported South Korean Vice Trade Minister Park Il-joon as saying, citing statements picked up by the country\u2019s news agency, Yonhap. Rosatom has so far not been subjected to Western sanctions that have restricted scores of Russian firms from doing international business. \"We experienced many difficulties in the process of negotiating the contract due to unforeseen variables, such as Russia's war in Ukraine and sanctions against Russia,\" a Korean government official said at a presser on the contract, according to Yonhap<\/a>.<\/p>\n

REMEMBER- <\/strong>Construction is expected to take eight years, putting Rosatom on track to get the plant online by the beginning of the next decade. The plant had been set to become operational by 2028-29 but saw delays<\/a> due to the pandemic.<\/p>\n

The news got international ink: <\/strong>Bloomberg<\/a> | Reuters<\/a> | AP<\/a> | CNBC<\/a> | The Economic Times<\/a>.<\/p>\n

EGAS AND ENI ARE LINING UP A NEW GAS CONCESSION-<\/strong><\/p>\n

In other news from the energy sector: <\/strong>Cabinet gave initial approval to award state-owned EGAS and Italy\u2019s Eni the rights to explore for gas in the Northeast Arish offshore concession, according to a cabinet statement<\/a>. The companies will need final approval before they start drilling. The move comes as Eni works to ramp up gas imports<\/a> from Egypt to Italy and the rest of Europe, as the EU scrambles to find alternatives to Russian fossil fuels ahead of a looming winter energy crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Korea is getting in on Dabaa: South Korea\u2019s state nuclear power company has signed a KRW 3 tn (USD 2.2 bn) contract with Rosatom to supply equipment and help build the 4.8 GW Dabaa nuclear plant, the companies said in separate statements (here and here) on Thursday. In detail: Rosatom\u2019s export arm Atomstroyexport has […]<\/p>\n","protected":false},"author":1,"featured_media":548929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[471,93,197,72,2318,677,91,470,270,414],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-dabaa-nuclear-plant","tag-energy","tag-eni","tag-enterpriseam","tag-korea-hydro-and-nuclear-power","tag-nuclear-energy","tag-oil-and-gas","tag-rosatom","tag-russia","tag-south-korea","wpautop","entry"],"acf":{"mongo_id":"8a9f5adc-73f6-4a3d-9b25-f7ae4f7432e2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/413.jpg","photo_position":"above","related_issue":[548915],"teaser":"","voice_url":""},"yoast_head":"\nSouth Korea signs USD 2.2 bn contract with Rosatom for Dabaa nuclear plant - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/south-korea-signs-usd-2-2-bn-contract-with-rosatom-for-dabaa-nuclear-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea signs USD 2.2 bn contract with Rosatom for Dabaa nuclear plant\" \/>\n<meta property=\"og:description\" content=\"South Korea is getting in on Dabaa: South Korea\u2019s state nuclear power company has signed a KRW 3 tn (USD 2.2 bn) contract with Rosatom to supply equipment and help build the 4.8 GW Dabaa nuclear plant, the companies said in separate statements (here and here) on Thursday. 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The timeline matches what we were told by Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) spokesperson Karim Al Adham last year, after\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/229.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547672,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/03\/rosatom-secures-permit-to-start-building-dabaa-nuclear-plant\/","url_meta":{"origin":548928,"position":1},"title":"Rosatom secures permit to start building Dabaa nuclear plant","author":"enterpriseam admin","date":"3 July 2022","format":false,"excerpt":"Dabaa gets the regulatory thumbs-up: Russian state nuclear company Rosatom has received a permit from our nuclear authority to begin building the 4.8 GW Dabaa nuclear power plant, a statementby Rosatom read.Next step: construction. The permit \u201c[paves] the way for the launch of full-scale construction\u201d at Dabaa, Rosatom Director-General Alexey\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/90.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547994,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/21\/rosatom-starts-construction-of-dabaa-nuclear-plant\/","url_meta":{"origin":548928,"position":2},"title":"Rosatom starts construction of Dabaa nuclear plant","author":"enterpriseam admin","date":"21 July 2022","format":false,"excerpt":"The Dabaa nuclear plant is finally getting off the ground: Russian state nuclear company Rosatom has started building the 4.8 GW Dabaa nuclear power plant, the company said in a statement. The company yesterday began laying the concrete foundations for the plant, kicking off an eight-year construction process that is\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/223.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550278,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/tax-holiday-for-the-builders-of-our-first-nuclear-plant\/","url_meta":{"origin":548928,"position":3},"title":"Tax holiday for the builders of our first nuclear plant","author":"enterpriseam admin","date":"20 October 2022","format":false,"excerpt":"Dabaa contractors set to get a big tax break: The House of Representatives\u2019 Energy and Environment Committee yesterday approved in principle draft amendments to the law regulating the Nuclear Power Plants Authority (NPPA), which would fully exempt from taxes all parties involved in building and operating nuclear projects. The legislation\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593827,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/10\/rosatom-to-break-ground-on-egypts-dabaa-plant-by-mid-2020\/","url_meta":{"origin":548928,"position":4},"title":"Rosatom to break ground on Egypt\u2019s Dabaa plant by mid-2020","author":"enterpriseam admin","date":"10 October 2019","format":false,"excerpt":"Rosatom\u2019s Atomstroyexport (ASE) expects to break ground on the construction of the USD 30 bn Dabaa nuclear power plant by mid-2020, ASE Egypt director Anatoly Kovtunov tells Al Mal. Kovtunov said earlier this week that the company plans to issue 20 tenders for the plant\u2019s construction and management projects, and\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546988,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/05\/russias-rosatom-forges-ahead-with-equipment-for-dabaa-nuclear-plant\/","url_meta":{"origin":548928,"position":5},"title":"Russia\u2019s Rosatom forges ahead with equipment for Dabaa nuclear plant","author":"enterpriseam admin","date":"5 June 2022","format":false,"excerpt":"One step closer to the \u200b\u200bDabaa nuclear plant: Russian state nuclear company Rosatom has started manufacturing equipment for the 4.8 GW Dabaa nuclear power plant, it said in a statement. Rosatom said in January that it expects to be able to begin construction this summer after covid-related delays pushed the\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548928"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548928\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548929"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548928"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548928"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}