United Arab Emirates inks deal with South Korea for nuclear plants
Emirates inks deal with
By JERUSALEM POST STAFF
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.
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