UAE to issue international tender to buy nuclear fuel

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The UAE's nuclear operator plans to issue an international tender to buy nuclear fuel needed to begin operating its nuclear plants, a local newspaper said on Friday.

The Emirates Nuclear Energy Corporation (ENEC) will agree to contracts for obtaining the uranium, converting it and enriching the fuel for use in its plants' nuclear reactors, according to the Arabic daily al-Ittihad.

ENEC was expected to complete its negotiations for fuel and sign final contracts by the first quarter of 2012, al-Ittihad reported.

"It is expected that the contracts will meet the amount of imported fuel needed for the future operational period and for the following 15 years," the paper quoted ENEC as saying.

The UAE has said it expects to start its first nuclear power plant in 2017. It expects nuclear energy to eventually account for 25 percent of its power requirements.

Despite ranking as the world's third-largest oil exporter, the UAE has struggled to meet power demand growth as its economy expands. It had embarked on a nuclear programme to meet that demand rather than burn more oil, and export less crude, at its power plants.

Korea Electric Power Corp , which led a consortium that won the UAE nuclear deal in 2009, plans to build four 1,400 megawatt reactors on the coast of Abu Dhabi, seat of the seven-emirate Gulf Arab federation.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Dubai's smart palm tree technology revealed

Dubai's smart palm tree technology revealed

Smart Palms harness the sun's energy to allow people to look...

Decision time looms for Saudi on nuclear power?

Decision time looms for Saudi on nuclear power?

As other countries push ahead with their plans for conventional...

1
With crude at $50, oil firms fear deeper crisis than in 1980s

With crude at $50, oil firms fear deeper crisis than in 1980s

After slashing spending by $180 billion to deal with one of the...

Most Discussed