As part of the current procurement of equipment and materials, as well as the construction of the main and auxiliary buildings and structures of the turbine islands of Units 1-4 of the El-Dabaa NPP, Rosatom State Corporation pre-authorized Korea Hydro and Nuclear Power Co. Ltd (KHNP) as the single source bidder who is eligible to negotiate the terms and conditions of definitive contract for the proposed transaction, subject to KHNP's compliance with the ASE procurement procedures and the parties agreeing on such terms. The parties plan to discuss the price and the main terms of the contract by the end of February and, if the negotiations are successful, conclude an agreement in compliance with all internal approval procedures by the end of April 2022. The mentioned target dates are preliminary.

At the same time, within the framework of the previously concluded agreement, AAEM LLC, a joint venture of Atomenergomash JSC and General Electric, will supply turbine hall equipment for Units 1 to 4 of the El Dabaa nuclear power station in Egypt. Under the contract the company will be responsible for designing, manufacturing and supplying four sets of steam turbines, condensers, generators and select auxiliary equipment, and for technical field advisory services during erection and commissioning of supplied equipment at the NPP site. The plant will be equipped with ARABELLE™️ half-speed steam turbines and GIGATOP™️ 4-pole generators manufactured by General Electric.

The selection of contractors for provision of services and execution of work under the El-Dabaa NPP project is carried out in accordance with the procurement procedures of Rosatom State Corporation which are an integral part of the contracting process. For instance, following the results of previously accomplished procurement procedures Egyptian companies Petrojet, Hassan Allam and Arab Contractors were selected to be involved in construction work at the site.

-Ends-

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