Middle East Economic Survey
Korean Consortium Wins UAE Nuclear Energy Contract
A consortium led by Korea Electric Power Corporation (Kepco) has won a $20.4bn contract from the Emirates Nuclear Energy Corporation (ENEC) to design, build and operate four civil nuclear power plants in Abu Dhabi. The first of the four units, each with capacity of 1.4gw, is expected to begin providing electricity to the grid by 2017, with the others to be completed by 2020. Construction is...