By Staff writer
Deals agreed during an official state visit by Queen Elizabeth II to Abu Dhabi
The UK and the UAE signed
an agreement to cooperate on civil nuclear work during a visit by Queen
Elizabeth II to Abu Dhabi.
Ambassador Dominic Jeremy said four agreements were signed, including one that
covers cooperation on visa and consular affairs, Bloomberg reports.
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.
Glad to see more cooperation with UK to support the UAE nuclear program . The UAE will be facing a sever natural gas shortages in the coming summers , due to no confirmed gas supplies to meet the growing demand for electricity . Expensive fuel ( 3 times more expensive than gas ) , oil will be used to compensate for the latter shortages . By the time the contracted 4 nuclear reactors are commissioned (starting 2017 ) the demand would have soured to a level that the extra power generated by the 4 reactors will hardly cover the demand growth .
Based on this conclusion the UAE must build more reactors to meet the electricity demands , also free some natural gas for other industries , such as steel reforming , glass factories , ceramics and other needed industeries.Thus number of reactors should match with 50 % of the electricity demand of 48,000 MW peak power in summer of year 2020 , making the total number of reactors needed to 17 reactors at 1400 MW power .