UAE's nuclear operator says $2.5bn deals awarded
New contracts have been awarded to local companies
The Emirates Nuclear Energy Corporation (ENEC) on Tuesday announced contracts with UAE companies totalling more than $2.5 billion for the construction of the country’s first nuclear energy plants.
More than 1,100 UAE companies have been contracted for the delivery of products and services at Barakah, in the Western Region of Abu Dhabi, ENEC said in a statement.
ENEC said some of the companies include Emirates Steel, National Cement, Dubai Cable Company, National Marine Dredging Company, Western Bainoona Group, and Hilalco.
"An important factor in the UAE’s decision to pursue a peaceful nuclear energy programme was the opportunity to develop a new industrial sector to support the nation’s economic growth and diversification strategy, and since its inception, ENEC has been working to support this vision," said Mohamed Al Hammadi, ENEC’s CEO.
He said that through its work with local companies, ENEC is not only supporting existing UAE businesses but also contributing to the development of the local economy while stimulating the growth of industry.
International studies show that every dirham spent by an average nuclear energy plant results in the creation of 1.04 dirhams in the local community and about 1.87 dirhams in the nation’s economy.
"We are already beginning to see the results of our contribution to the local economy. With 60 years of operations ahead for each of our units, there will be many more opportunities to come for Emirati businesses who are committed to instilling nuclear safety and quality standards across their organisation," added Al Hammadi.
Construction of the Barakah Nuclear Power Plant is now well underway in the Western Region of Abu Dhabi.
Unit 1 is more than 74 percent complete, and construction of Units 1-4 collectively is now more than 48 percent complete, ENEC said.
The plant will eventually consist of four nuclear power generating units with a combined capacity of approximately 5,600 MW, and their associated facilities.
Unit 1 is scheduled for completion in 2017, with additional units following at 12 monthly intervals, with the fourth unit set to commence commercial operations in 2020, pending regulatory reviews and licensing.