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.
