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POWER PLANTS

UAE signs $3 billion nuclear fuel deals

Abu Dhabi, August 15, 2012

 

The United Arab Emirates has hired six foreign firms, including Rio Tinto and Areva , to provide fuel for its first nuclear power plant, in contracts valued at $3 billion.

The contracted fuel will enable the plant to generate up to 450 million megawatts for 15 years starting 2017, the Emirates Nuclear Energy Corporation (ENEC) said in a statement on Wednesday.

The remaining firms are from Russia, Britain, Canada and the United States. - Reuters




Tags: UAE | Nuclear | power |

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