By Stanley Carvalho and Amena Bakr
'Nuclear energy to eventually account for 25% of UAE's power requirements.'
The UAE will commission its first nuclear power plant in 2017, the country's oil minister said on Tuesday.
"The objective is for nuclear energy to eventually account for 25 percent of the UAE's power requirements," Mohammed al-Hamli told an industry event.
In December the UAE awarded a South Korean group a deal to build and operate four nuclear reactors.
The South Korean consortium won a $40bn deal to build and operate four nuclear reactors for the UAE, beating US and French rivals to one of the Middle East's biggest ever energy contracts.
Under the deal, the first nuclear plant in the Gulf Arab region is scheduled to start supplying power to the UAE grid in 2017. (Reuters)