Barakah Nuclear Power Plant The Barakah nuclear power plant is the first nuclear power station in the United Arab Emirates. In April 2008, the UAE Government officially announced its interest in evaluating nuclear energy as an additional source to meet the country's growing energy demands. In December 2009,
Emirates Nuclear Energy Corporation (ENEC) awarded a coalition led by
Korea Electric Power Corporation (KEPCO) a $20 billion bid to build the first nuclear power plant in the UAE.
Barakah, about 50 km west of
Ruwais, was chosen as the site. In 2011
Bloomberg reported that following detailed finance agreements, the build cost was put at $30 billion: $10 billion equity, $10 billion export-credit agency debt, and $10 billion from bank and sovereign debt. South Korea may earn a further $20 billion from operation, maintenance and fuel supply contracts. However, a later Bloomberg report indicates the price as $25 billion. Construction began in 2012, and four
APR-1400 nuclear reactors were planned to start operating successively between 2017 and 2020. The first reactor came online in 2020 As of March 2024, all four new nuclear reactors are now fully operational in the Barakah Nuclear station, producing 5,348 MWe of electricity and allowing the UAE to produce 40 TWh of electricity per year. == Waste ==