United Arab Emirates / Barakah One Company And Kepco To Explore New Nuclear Projects

By David Dalton
11 September 2019

Barakah One Company And Kepco To Explore New Nuclear Projects
The MoU was signed by Kepco chief executive officer JongKap Kim (left) and Nasser Al Nasseri (right), chief executive officer of Barakah One Company. Photo courtesy Enec.
Barakah One Company has signed a memorandum of understanding with Korea Electric Power Corporation (Kepco) laying out a general framework to explore opportunities for collaboration in new nuclear energy markets.

Barakah One, a subsidiary of the Emirates Nuclear Energy Corporation (Enec), said the two companies want to develop the “Barakah Model”, referring to the construction of four South Korean APR1400 units at Barakah in the United Arab Emirates.

Collaboration could come in areas including investment and financing, licensing and safeguards, operations and maintenance and the training and exchange of scientific and technical expertise.

“It could also include nuclear fuel cycle management, localisation and development of nuclear energy infrastructure,” a statement said.

Barakah One chief executive officer Nasser Al Nasseri said the MoU will look at opportunities to use the expertise and experience resulting from the UAE’s long-standing relationship with Kepco.

“We will collaborate to identify potential prospects to support the establishment of nuclear energy projects in other countries that will benefit from the unique knowledge and skills developed at Baraka,” he said.

Enec is the company behind the construction of the four-unit Barakah nuclear station. The overall construction completion percentage is more than 93%, the company said recently.

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