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