UAE awards contracts for nuclear plant

Nuclear
By The Associated Press on August 15, 2012

The United Arab Emirates has awarded six fuel contracts valued at $3 billion for its first nuclear power plant, expected to start by 2017.

The Emirates Nuclear Energy Corporation said Wednesday the move will enable the Barakah plant to generate up to 450 million megawatts for 15 years after the plant's opening. The contracts were awarded to U.S. ConverDyn; Canadian Uranium One, Inc.; the U.K-based firm URENCO; Anglo-Australian giant Rio Tinto; Russia's firm TENEX and France's Areva.

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