UAE selects six firms for $3bn nuclear plant supply contract

Six firms have shared in $3bn worth of contracts awarded by the United Arab Emirates to supply fuel to the country’s first nuclear power plant.

Areva, ConverDyn, Urenco, Tenex and Rio Tinto are the selected suppliers for the Barakah plant, slated to open in 2017 according to the Emirates Nuclear Energy Corp (ENEC) .
Nuclear power plant
A spokesman for Areva, the world's biggest maker of nuclear plants, said its share of the contract was worth $492.86m.

In July, the UAE's nuclear regulator granted ENEC a licence to construct the country's first two nuclear reactors, to be built by a South Korean-led consortium that will eventually build and operator four 1400 MW reactors in total.

The OPEC member will be the first Gulf Arab state to begin building a nuclear power plant. It wants to save its oil reserves for export rather than using them to generate electricity, for which demand is rising rapidly.

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