South Korea signs 2.25 billion dollar deal with Russia nuclear company

Nuclear power plants in Ulsan, South Korea. South Korea has signed a 2.25 billion dollar deal with a Russian state-run nuclear energy company to provide components for Egypt’s first nuclear power plant (Ahn Young-joon/AP/PA)

South Korea has signed a 2.25 billion dollar (£1.9 billion) deal with a Russian state-run nuclear energy company to provide components for Egypt’s first nuclear power plant.

South Korea’s government said the contract between the state-run Korea Hydro and Nuclear Power and ASE requires the South Koreans to provide turbine-related equipment and construction work for the plant that is being built in Dabaa, about 130 kilometres north-west of Cairo on the Mediterranean coast.