12= Nuclear Power Plant
Project Overview
In December 2009,
the UAE awarded the contract to build its first nuclear power plants to a South Korean consortium, surprising many observers who had expected the French or US-led teams to prevail.
The four 1.4GW plants will help to meet the anticipated sharp increase in power demand in the coming decades – the UAE expects its electricity requirements to rise from 15.5GW in 2008 to 40GW in 2020.
As yet, the financing arrangements for the plant are unclear, but it is likely to be a combination of private and public funding.
Project Analysis
Mixed fortunes for cement firms
While Saudi Arabia has recorded an increase in cement prices and levels are expected to rise next year in Qatar, the outlook for the UAE and Lebanon is less positive
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Oil prices hide fiscal vulnerabilities
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Growth led by Saudi Arabia and Iraq
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Fukushima and Arab uprisings slow nuclear power plans
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Economics turn in favour of solar power
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Oil & Gas: A maturing industry
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Gulf defence budgets increase as tensions rise in the Middle East
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The search for alternative project financing
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Construction prices to fall in 2012
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Gas crunch looms ahead for UAE
Company Profiles
Thani Investments
The Dubai-based company is pioneering private development in the energy and mining sectors.
Biographies
Chris Ball
Chris Balln is managing director, Atkins (nuclear)
Waleed Salman
Waleed Salman is vice-president for strategy and business development, Dewa
Ahmed Mubarak al-Mazrouei
A key figure for the Middle East in 2011
Jun-Yeon Byun
Jun-Yeon Byun is executive vice-president of the UAE nuclear division
Young-Ha Lee
A leading South Korean figure involved in the Middle East project market
Company Announcements
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ENEC study reveals nuclear energy is the future for Emirati students
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Enec opens 2012 intake for nuclear energy scholarship programme
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FANR hosts Al Gharbia Public Forum
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Abu Dhabi residents attend Emirates Nuclear Energy Corporation's Public Forum
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Khalifa University hosts industry leaders, academics and students for special graduate programmes Information Day
Key Facts
Client: Emirates Nuclear Energy Corporation
Sector: Power
Stage: Under construction
Budget: $20bn
Completion date: Q2 2020
Location: UAE
News
Iran sanctions to have moderate impact on Dubai trade
Decline in bilateral trade likely to arise from economic hardship and trade finance issues
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UAE to complete debt funding of nuclear project by October
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Dubai in discussions with Abu Dhabi to import power
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Local firm bids low for Dubai solar consultancy
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The cost of Dubai’s solar power plans
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Hormuz pipeline delay could be a blow to Chinese contractors
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Consultancy bids in for Dubai solar project
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King Abdullah bin Abdulaziz al-Saud urges GCC to unite
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UAE nuclear company prequalifies contractors for staff accommodation
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UK's Atkins to advise on Abu Dhabi nuclear project
MEED Projects
