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Thursday, 20 October 2016

UAE's nuclear power project achieves $24.4 bln financing close | Reuters

UAE's nuclear power project achieves $24.4 bln financing close | Reuters:

"The United Arab Emirates' nuclear energy project has completed a $24.4 billion financing for its first plant with most of the cash coming from state sources, the developers said on Thursday.

In 2009, Korea Electric Power Corporation (Kepco)-led consortium won a contract to build four 1,400 megawatt nuclear reactors that are being constructed at the Barakah plant to meet the UAE's surging demand for electricity.

Emirates Nuclear Energy Corp (ENEC) and Kepco jointly own the Barakah nuclear energy plant project."



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