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UAE awards nuclear fuel supply contracts worth USD 3 bn

08-15-2012 23:23 BJT

DUBAI, Aug. 15 (Xinhua) -- Emirates Nuclear Energy Corporation (ENEC) said Wednesday it awarded a total of six leading companies nuclear fuel supply contracts worth 3 billion U.S. dollars, local news agency WAM reported.

The awarded contracts are the result of a nuclear fuel procurement competition launched by the Gulf Arab state United Arab Emirates (UAE) in July 2011. The goal of the fuel competition was to create a strategy to cover supply for the first 15 years of operations.

The six firms which have been awarded contracts by ENEC are ConverDyn from the United States, Uranium One Inc. from Canada, Urenco and Rio Tinto (both from Britain), Russia's Tenex and Areva from France.

Korean Electric Power Corporation (KEPCO) currently builds four nuclear plants in the UAE's Western region "Al Gharbia."

The contracted fuel will enable the Barakah plant to generate up to 450 million megawatt hours for a period of 15 years starting in 2017, when the first nuclear energy unit is scheduled to begin providing electricity to the UAE.

 

 

Editor:Zheng Limin |Source: Xinhua

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