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FINANCIAL NEWS
UAE’s Enec to finalize nuclear fuel plan in 2012’s Q1
02 Nov 2011
(MENAFN) Emirates Nuclear Energy Corporation’s (Enec) director of external affairs, Fahad al Qahtani, said that during the first quarter of next year, the company would be expected to set its nuclear fuel plan and its strategy, reported Emirates 24/7.
Al Qahtani added that the nuclear power developer was in discussions to purchase fuel from several countries including the Russian Federation and Australia.
He also said that the firm planned to construct four nuclear reactors at a cost of around USD20 billion, and Enec forecasted to finalize the project financing in 2012’s first quarter.
It is worth noting that the UAE’s Federal Authority for Nuclear Regulation (FANR) asked Enec to submit a full technical report regarding the nuclear reactors, following the aftermath of Japan’s Fukushima disaster.
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