Energy minister: UAE aims to produce a quarter of power from nuclear by 2021

The United Arab Emirates hopes to produce 25 percent of its power from nuclear energy sources by 2021, according to comments from the country’s new energy minister Suhail Al Mazrouei.

The comments came during a an energy event in Abu Dhabi, Dow Jones reports. The UAE hopes that by shifting domestic power production to nuclear power more of its fossil fuel production will be reserved for export. Mazrouei said oil will become increasingly expensive and difficult to access as new finding new discoveries becomes more costly while global demand is expected to increase by one million barrels a day through 2030.

The UAE is one of the world’s top five per capita consumers of power, 80 percent of which is generated by burning natural gas with the remainder coming from oil. The Emirates Nuclear Energy Corporation has signed contracts to build four South-Korea designed 1,400 MW reactors. Construction has already begun on the first reactor and work on the second is slated to kick off later this year.

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