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United Arab Emirates in talks to invest in European nuclear power infrastructure

The United Arab Emirates (UAE) is exploring opportunities to invest in
nuclear power infrastructure across Europe, including in Britain, Reuters
has reported.

The state-owned Emirates Nuclear Energy Company (ENEC) is
considering becoming a minority investor in several nuclear power assets.
ENEC, which is owned by Abu Dhabi’s investment fund, the Abu Dhabi
Developmental Holding Company, has ambitions to expand its international
footprint by acquiring minority stakes in nuclear projects.

The company has
been in discussions to invest in the UK, specifically in the Sizewell C
nuclear project, which is currently seeking additional private investment
following the exit of a Chinese investor. Alongside Saudi Arabia, the UAE
is looking to diversify its economy beyond oil, while Britain is actively
seeking private investment to support its nuclear energy ambitions.

 Power Technology 2nd April 2024

https://www.power-technology.com/news/uae-invest-european-nuclear-infrastructure

April 4, 2024 - Posted by | business and costs, United Arab Emirates

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