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UAE could award nuclear power contracts by November

The UAE could award a deal to…

October 24, 2009 12:01 by

The UAE could award a deal to build nuclear reactors in the country by November this year, sources told Emirates Business. The deal could be awarded to a US-Japanese consortium, or French and South Korean bidders. The UAE plans to start producing nuclear power by 2015 as part of a $40-billion nuclear program.

“The award could take a week to 10 days,” a local source close to the deal told the paper.

A nuclear co-operation agreement between the UAE and the US came into effect in October, and according to authorities, the deal is currently in its final stages.

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