amwalalghad :: UAE nears handover of Arab world’s first nuclear plant to operator

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

UAE nears handover of Arab world’s first nuclear plant to operator

Published Thursday, 19 April 2018 19:34 | Written by Amwal Al Ghad English

A South Korean venture with the United Arab Emirates is inching closer to switching on the Arab world’s first commercial atomic-energy plant.

Korea Electric Power Corp. has completed construction of the Barakah Unit 1 reactor, and Emirates Nuclear Energy Corp.’s handover of operations at the plant to the Nawah Energy Co. joint venture is “almost complete,” Christer Viktorsson, the U.A.E.’s top nuclear regulator, said in an interview. Additional tests and adjustments need to be done before the government will allow the plant to operate, he said.

“I have to make sure that everything is tip-top before I give the operating license,” Viktorsson, director-general of the Federal Authority for Nuclear Regulation, said in his office in the U.A.E. emirate of Abu Dhabi. “They have 60 or 80 years to operate, which is the typical life time of a nuclear reactor. So, why rush for two months or three months or a year?”

Officials at Emirates Nuclear Energy Corp., the facility’s state-run developer, had no immediate response to a request for comment.

The U.A.E., with about 6 percent of the world’s proven oil reserves, plans to bring a total of four nuclear plants into operation by 2021, the Persian Gulf nation’s Energy Minister Suhail Al Mazrouei said in September. The reactors are estimated to cost $25 billion and produce a combined 5,600 megawatts of power, a vital component in the country’s program to diversify its energy supply and reduce its reliance on fossil fuels.

Regional Reactors

Other Arab countries including Saudi Arabia and Egypt have also announced nuclear projects to help provide electricity to their growing populations and industries. Saudi Arabia targets building at least 16 nuclear plants over the next 25 years at a cost of more than $80 billion, and it’s considering working with contractors from the U.S., Russia, China and other countries.

The U.A.E.’s first Barakah reactor plans to begin loading fuel next month, South Korea’s energy ministry said in March in an emailed statement. South Korean President Moon Jae-in attended a ceremony to celebrate the facility’s completion, the U.A.E.’s official WAM news agency reported on March 26.

Viktorsson said the plant can’t load fuel until his agency issues an operating license, without specifying when the regulator was likely to do so. “Not in the next couple of weeks, that’s for sure,” said Viktorsson, a nuclear physicist with both Swedish and Finnish citizenship.

Safety Culture

The U.A.E. government expects the four Barakah plants, built on a sparsely populated strip of desert on Abu Dhabi’s coast, to contribute almost 25 percent of the nation’s electricity, ENEC Chief Executive Officer Mohamed Al Hammadi told a conference in Abu Dhabi on Feb. 28. The nation depends currently on imported natural gas to generate much of its power.

Nawah Energy, a joint venture between ENEC and Korea Electric, was established to operate the U.A.E.’s four nuclear plants. Korea Electric led a group that won a contract in 2009 to build the facilities, and it owns 18 percent of the operating venture.

The U.A.E.’s nuclear safety culture is improving day by day, Viktorsson said. “They realize that we cannot have a nuclear accident,” he said. “Even a small accident is too much.”

Source: Bloomberg

International News Videos »

شاهد الفيديو

Turkish people dissatisfied with government's intervetion in Syria

شاهد الفيديو

Wikileaks' Assange seeks asylum in Ecuador �

شاهد الفيديو

G+20 leaders discuss Brazil's slums

شاهد الفيديو

G20 backs efforts to solve eurozone crisis