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2018-04-09 11:15:00

UAE - S.KOREA COOPERATION

UAE - S.KOREA COOPERATION

WNN - The Emirates Nuclear Energy Corporation (Enec) and its joint venture subsidiaries, Nawah Energy Company (Nawah) and Barakah One Company (BOC), have signed three agreements with Korean companies. Enec and Korea Electric Power Corporation (Kepco) in October 2016 signed a joint venture agreement that made Kepco a minority shareholder in Nawah and BOC.

Kepco is building four APR-1400s at Barakah, in the Dhafrah region of Abu Dhabi. All four units are scheduled for completion by 2020.

On 26 March, Enec and Kepco Nuclear Fuel signed a memorandum of understanding to cooperate in the field of nuclear fuel and in overseas business development; Nawah and Kepco Engineering and Construction signed an engineering support contract for the Barakah nuclear power plant to 2030; and Kepco agreed a charter for joint business cooperation with BOC to enhance cooperation throughout the nuclear business cycle, from planning and construction to operation.

"The two joint venture partners and their subsidiary companies continue to establish new ways for cooperation, forming a unique international partnership for the nuclear energy industry," Enec said on 4 April.

Kepco said in a separate statement that it will be able to enhance the competitiveness of its APR-1400 reactor design "by leveraging the UAE's abundant financial resources in the overseas nuclear power plant market".

President Moon Jae-in of South Korea and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan on 26 March attended a ceremony to celebrate the completion of construction at the United Arab Emirates' first nuclear power reactor.

The first phase of pre-operational tests have been completed at Barakah 1. The next phases of pre-operational tests require fuel to be loaded in the reactor and can only begin after Nawah receives an operating licence.

Unit 2 is now more than 92% complete, with unit 3 more than 81% complete and unit 4 more than 67% complete.

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Earlier:

 Nuclear
2018, March, 28, 10:35:00

UAE - S.KOREA'S NUCLEAR

WNN - President Moon Jae-in of South Korea and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan attended a ceremony to celebrate the completion of construction at the United Arab Emirates' first nuclear power reactor.

 

 Nuclear
2018, March, 23, 08:10:00

ASIA NEEDS NUCLEAR

WNN - Asia needs nuclear energy to meet its economic, energy and environmental goals, but such plans are still in the development phase in the South East region of the continent, Agneta Rising, director general of World Nuclear Association, said.

 

 Nuclear
2018, March, 9, 13:10:00

NUCLEAR ENERGY WILL UP

WNN - Nuclear energy has faced serious challenges in recent years because of several factors: competition from low gas prices, subsidised renewables and slow growth in electricity demand in certain markets. But because of several powerful forces we are seeing signs that this year nuclear energy will come roaring back.

 

 Nuclear
2017, December, 15, 12:55:00

NUCLEAR - 2050: 25%

WNN - According to the Foratom statement, World Nuclear Association Director General Agneta Rising said: "By 2050, nuclear energy must account for 25% of energy generation if we are to meet our climate targets. With nuclear making up 11% of generation in 2014, an extra 1000 GWe in nuclear capacity will need to be built by 2050. However, meeting this goal will not be easy."

 

 Nuclear
2017, October, 25, 21:26:00

THE BIGGEST ASIAN NUCLEAR

WNN - Asian countries continue to dominate the market for new nuclear build, according to a newly-released report from the World Nuclear Association. Of the 10 new nuclear power reactors that started up worldwide in 2016, eight were located in Asia.

 

 
 
Tags: UAE, KOREA, NUCLEAR

Chronicle:

UAE - S.KOREA COOPERATION
2018, April, 20, 09:00:00

IRAN NEED NEW MARKETS

SHANA - The CEO of the Iranian Gas Commercial Company (IGCC) said his company, as the sole exporter of gas products in Iran, is currently seeking new markets for exporting liquefied petroleum gas (LPG).

UAE - S.KOREA COOPERATION
2018, April, 20, 08:55:00

UZBEKISTAN - LUKOIL GAS

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UAE - S.KOREA COOPERATION
2018, April, 20, 08:50:00

ENI INVESTMENT €7 BLN

ENI - Eni will invest €7 billion in Italy over the next four years, including €1 billion in green activities

UAE - S.KOREA COOPERATION
2018, April, 20, 08:45:00

SEADRILL'S BANKRUPTCY OFF

REUTERS - Offshore oil driller Seadrill (SDRL.OL) plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday.

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