BREAKING NEWS

United Arab Emirates inks deal with South Korea for nuclear plants

Emirates inks deal with

The United Arab Emirates' state-run nuclear energy company said on Sunday that a South Korean consortium has won a contract to build the Arab country's first nuclear power reactors. The bid led by Korea Electric Power Corporation beat out proposals from a French team and one led by the US and Japan. Emirates Nuclear Energy Corporation said the deal for four 1,400-megawatt reactors is worth about $20 billion. Washington earlier this year signed an agreement with the UAE for the country to import, rather than produce, fuel for its nuclear reactors.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy