| Home | GCC | World | Industries | Markets | Opinion | Interviews | Photos | Video | Lists | Lifestyle | StartUp | Topics | Jobs | Property | Smart TV |
Help, I forgot my username and/or password
The UAE has approved a memo outlining the potential development of nuclear energy for peaceful purposes, the cabinet announced on Sunday.
According to a cabinet statement published by emirates news agency Wam, the country is to establish a Nuclear Energy Implementation Organisation (NEPIO) in line with International Atomic Energy Agnecy (IAEA) recommendations.
The organisation, which will launch with 375 million dirhams ($100 million) capital, will “evaluate and potentially implement a peaceful nuclear energy programme within the UAE”, the statement said.
Included in its remit will be the introduction of a comprehensive legal framework covering all aspects of nuclear law, including safety, security and non proliferation, the statement continued.
It will also offer joint venture arrangements to foreign investors for the construction and operation of future nuclear power plants, and establish an independent regulatory authority empowered to enact safety controls across the sector.
The UAE earlier this month endorsed an agreement signed with France in January to cooperate on the development of nuclear energy.
French companies Total, Suez and Areva have all expressed interest in joining forces to develop plans for two new-generation nuclear reactors which could be up and running by 2016.
According to a memo submitted by Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, the move represents an “environmentally promising and commercially competitive option which could make a significant contribution to the UAE’s economy and future energy security”.
Sheikh Abdullah said full details would be published to maintain "absolute transparency" in the international community, adding an awareness campaign would be launched to inform UAE citizens about the programme.
As much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayWell said, at least it is not as propaganda sounding as the UK ambassador in last night's party where my mate adivced me not to throw my shoes at him as... more
Wednesday, 22 May 2013 9:13 PM - goolieSince Turkish opted to fly the 2 passengers to Dakar and then further compensate them with 2 free economy tickets on their network suggests that the Airline... more
Thursday, 23 May 2013 9:48 AM - PonzoAs much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayLet me put the entire issue in perspective. There are massive traffic problems on the roads of Kuwait, where Kuwait can boast high road fatalities and... more
Tuesday, 21 May 2013 1:28 PM - AbdullahWell said, at least it is not as propaganda sounding as the UK ambassador in last night's party where my mate adivced me not to throw my shoes at him as... more
Wednesday, 22 May 2013 9:13 PM - goolieHappy employees, happy customers. Quite simple actually. 60,000 unhappy staff, well, you do the math on how many unhappy customers can result from poor... more
Monday, 20 May 2013 10:27 AM - Louie TedescoIslam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graemeAs much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty Say
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