Thursday 21 January 2010
Kuwait, Emirates sign up for reactors
Kuwait has signed a 20-year agreement with France to develop the Gulf state's nuclear industry, beefing up the Gulf states' leadership of an Arab drive to develop nuclear power that will reshape the region's energy policy.
The United Arab Emirates sealed a $20.4 billion deal in December for the construction of four 1,400-megawatt nuclear power plants with a consortium led by South Korea's state-owned utility Korea Electric Power Corp. Westinghouse of the United States is part of the group.
The Korean corporation is one of the world's leading nuclear power specialists and operates 20 reactors worldwide.
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