Skip to content Skip to Search
Skip navigation

UAE and China seek tie-up to develop nuclear energy

ENEC WAM China WAM
UAE and Chinese officials met to discuss future plans for nuclear energy collaboration

The UAE state-owned Emirates Nuclear Energy Corporation (ENEC) has signed three memorandums of understanding (MoUs) with Chinese nuclear energy organisations.

The MoUs were signed with Nuclear Power Operations Research Institute, China National Nuclear Corporation Overseas and China Nuclear Energy Industry Corporation, the UAE state-run WAM news agency reported on Sunday.

The first MoU with Nuclear Power Operations Research Institute will focus on nuclear energy operations and maintenance.

The second MoU with China National Nuclear Corporation Overseas looks to address cooperation related to high-temperature gas-cooled reactors.

The final one with the China Nuclear Energy Industry Corporation seeks nuclear fuel supply and investment cooperation opportunities.

ENEC chief executive Mohamed Al Hammadi met with senior officials from the three organisations, who presented their business plans to discuss opportunities for future collaboration.

Al Hammadi, who became president of the World Association of Nuclear Operators (Wano) in October 2022, met with senior Wano Shanghai branch office staff to receive updates on their latest activities.

Wano includes more than 120 members responsible for operating more than 430 nuclear energy reactors across 30 countries worldwide.

ENEC is responsible for developing the Barakah Nuclear Energy Plant, the Arab world’s first operational nuclear energy plant. Three units of Barakah delivered in three consecutive years generate up to 4,200mw of baseload.

China has 56 nuclear energy plants in operation, with an additional 20 units under construction. Beijing has recently announced a programme to invest $440 billion to build 150 reactors over the next 15 years to boost their energy security and sustainability.

In February, Nawah Energy Company, a subsidiary of ENEC, commenced commercial operations of unit three of the Barakah Nuclear Energy Plant in the Al Dhafra region of Abu Dhabi.

ENEC and its subsidiaries are one unit away from completing the four-unit Barakah nuclear energy plant and delivering up to 25 percent of the UAE’s electricity demands.

Latest articles

Kuwaits Beyout Investment Group is selling a 30 percent stake, or 90 million shares, on the local bourse

Kuwait’s Beyout targets $147m from IPO

Kuwait’s Beyout Investment Group (BIG) has set the price of its initial public offering (IPO) between 480 and 500 fils per share.  The company plans to raise up to KD45,000,000 ($147 million) by selling a 30 percent stake, or 90 million shares, on the local bourse, the first in nearly two years. The final offer […]

alef edtech

Alef Education to be first edtech with UAE bourse listing

Alef Education plans to offer a 20 percent stake on the Abu Dhabi stock exchange, becoming the first edtech – education technology – company to list in the UAE. The selling shareholders, Tech Nova Investment, Sole Proprietorship and Kryptonite Investments, will offload 1.4 billion shares. However, they will not receive proceeds from the initial public […]

Sharjah airport. S&P says the emirate's fiscal deficits are expected to narrow gradually over 2024-2027

Private sector to propel Sharjah’s economic growth

Global ratings agency S&P has affirmed Sharjah’s rating at “BBB-/A-3” and maintained a stable outlook, citing strong private-sector activity as a key driver of economic growth. The emirate, one of seven that makes up the UAE, is expected to average 2.8 percent growth between 2024 and 2027, supported by manufacturing, construction, transport, and trade sectors.  […]

The first phase of the luxury residential tower 'DG1' in Dubai, built by Dar Al Arkan's international arm Dar Global, should be completed this year

Dar Al Arkan Q1 profit rises 31% on higher property sales

The net profit of Saudi Arabian real estate company Dar Al Arkan rose 31 percent in the first quarter of 2024 to SAR154 million ($41 million).  The earnings increase was driven by higher property sales, a fall in operating expenses, and higher non-operating income from Islamic deposits. Property sales increase drove revenue higher by 13 […]