UK, UAE sign civil nuclear cooperation agreement

Deals agreed during an official state visit by Queen Elizabeth II to Abu Dhabi
The UAE, the worlds third-largest oil exporter, plans to build four nuclear reactors in an effort to meet growing energy demand. (AFP/Getty Images)
By Staff writer
Thu 25 Nov 2010 02:51 PM

The UK and the UAE signed
an agreement to cooperate on civil nuclear work during a visit by Queen
Elizabeth II to Abu Dhabi.

The UK
Ambassador Dominic Jeremy said four agreements were signed, including one that
covers cooperation on visa and consular affairs, Bloomberg reports.

Britain’s
monarch arrived in Abu Dhabi
on Wednesday evening, accompanied by her husband Prince Philip, as well as the
UK Foreign Secretary William Hague MP.

Her first visit was to the Sheikh Zayed Grand Mosque, one of
the largest mosques in the world, where she paid her respects at the tomb of
the late Sheikh Zayed bin Sultan Al Nahyan.

The UAE, the world's third-largest oil exporter, plans to build four nuclear
reactors in an effort to meet growing energy demand.

In September, the Emirates Nuclear Energy Corporation (ENEC) announced
it had selected Credit Suisse to act as financial advisor for the project.

ENEC awarded a $40bn deal for the first nuclear plant to a
consortium of Korean companies including Korea Electric Power Corporation
(Kepco), Hyundai Engineering & Construction, Samsung C&T and Doosan
Heavy Industries, in December.

UAE officials have estimated that annual peak demand for electricity is
likely to rise to more than 40,000 megawatts by 2020, reflecting cumulative
annual growth of about 9 percent, according to a Reuters report.

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