Emirates Nuclear Energy Company (ENEC) has partnered with Hyundai Engineering & Construction (Hyundai E&C) to explore international nuclear energy opportunities.
The two have signed a memorandum of understanding (MoU) in this regard.
This agreement will leverage their combined expertise for future initiatives in civil nuclear energy.
The MoU outlines plans for knowledge sharing, collaborative project evaluations and strategic investment assessments.
A joint working group will also be formed under this framework to pinpoint mutual interests that support new nuclear energy developments.
ENEC’s Barakah Nuclear Energy Plant is now fully operational as the company’s focus shifts towards accelerating global nuclear deployment.
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By GlobalDataENEC is engaging with nations interested in developing or expanding their civil nuclear capabilities. MOUs such as the one with Hyundai E&C underscore this commitment.
Hyundai E&C brought significant value as the primary contractor during Barakah’s construction phase and continues its involvement within the United Arab Emirates’ (UAE) Peaceful Nuclear Energy Programme – now a benchmark for safe and efficient development within the industry.
The ratification follows recent agreements between ENEC and various leading operators, developers and companies within the sector – all part of an effort to fast-track civil nuclear power delivery while enhancing sustainability through clean electricity generation.
As both developer and operator at Abu Dhabi’s four-unit Barakah Plant, ENEC has considerable experience in successfully integrating civil nuclear power into the UAE’s grid efficiently, regarding time and cost considerations.
The MoU highlights ENEC’s growing role in international nuclear partnerships, aimed at accelerating the development and deployment of new nuclear technologies in the UAE and globally.
To meet energy demands, global nuclear capacity must increase by approximately 15GW annually (more than 3% growth) until 2030.
The International Energy Agency forecasts a 15% rise in nuclear capacity by 2030, while the International Atomic Energy Agency suggests it could double by 2050 to enhance energy security and sustainability worldwide.
Last month, Westinghouse Electric signed an early works agreement with Fortum, a major Nordic energy company, to explore the potential introduction of an AP1000 reactor to address rising energy demands in the region. Hyundai E&C will partner with Westinghouse on this initiative.
