Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  

ENEC and China National Nuclear Corporation Sign MoUs to Explore Potential Collaboration on new Nuclear Energy Plants in Third Countries

 
ENEC and China National Nuclear Corporation Sign MoUs to Explore Potential Collaboration on new Nuclear Energy Plants in Third Countries
- MoU will see ENEC and CNNC work together – both companies have delivered some of the newest nuclear energy plants globally to decarbonize their power sectors.
- ENEC and CNNC will also work together to identify potential cooperation in the development and deployment of High Temperature Gas Cooled Reactors (HTGR) 
- Global sentiment for nuclear energy at a new high as nations look to this important source of clean electrons and molecules for energy security and sustainability 
 
Abu Dhabi, UAE – 15 December 2023: The Emirates Nuclear Energy Corporation (ENEC) has signed a new Memorandum of Understanding (MoU) with China National Nuclear Corporation (CNNC). The two organizations will collaborate on identifying potential development and co-investment opportunities for new international nuclear energy plants. The MoU was signed by HE Mohamed Al Hammadi, Managing Director and CEO of ENEC, and Yu Jianfeng, Chairman of CNNC on the sidelines of COP28 in Dubai, UAE.
 
ENEC, as the leader of the UAE Peaceful Nuclear Energy Program, is now focused on harnessing its unique expertise gained in delivering one of the world’s newest nuclear energy plants to work with other leading nuclear energy companies to deliver new nuclear plants, in line with current forecasts that nuclear energy capacity will need to triple by 2050 to meet Net Zero targets as part of the broader clean energy transition. 
 
As part of the new MoU, ENEC and CNNC will identify countries looking to expand their existing nuclear energy fleets, or to enter into the nuclear energy sector for the first time to offer their expertise with emerging nuclear developing countries. They will form a Joint Working Group to leverage their strengths in project management, nuclear technology development and implementation, funding, construction and operation, human resources and supply chain development. This will enable ENEC and CNNC to potentially jointly develop new nuclear energy projects. 
 
H.E. Mohamed Al Hammadi Managing Director and Chief Executive Officer of ENEC said: “International collaboration is one of our core commitments and has been a central part of our accomplishments in the nuclear energy sector. Having successfully created the Barakah Plant, we are now focused on strategic investments and innovation that accelerates the global drive to triple global nuclear energy capacity by 2050. By working with our partners in countries like China, we can bring together our skills, knowledge and technology to offer other nations looking to accelerate their own decarbonization efforts. COP28 has provided an ideal platform to further solidify global partnerships and establish new agreements to collectively take action to achieve Net Zero.”  
 
Yu Jianfeng, Chairman of CNNC said: “I have full confidence in this multinational collaboration and believe that it will introduce new models of cooperation and sustainable development in the global energy sector. The signing of the MOU will be a significant step for CNNC and ENEC in advancing global energy transition. It will set a new paradigm for global energy cooperation and contribute to building a cleaner, greener world.”
 
Both ENEC and CNNC believe that nuclear energy plays a critical role in addressing global climate change and maintaining energy supply diversity and security. Earlier this year, ENEC announced the signing of three MoUs with the Nuclear Power Operations Research Institute, the China National Nuclear Corporation Overseas (CNOS) and the China Nuclear Energy Industry Corporation. China has more than 50 nuclear energy plants in operation, with a further over 20 units under construction.
 
In addition, ENEC and CNNC signed an MoU to explore potential cooperation opportunities for the development and deployment of High Temperature Gas Cooled Reactors (HTGR) to  set out the pathway for HTGR technology deployment, and how this could be utilized in other countries. 
 
High Temperature Gas Cooled reactors offer enhanced safety and efficiency features and can be used for a wide range of applications, for power generation, as well as heat and clean molecules. First criticality of CNNC’s demonstration project was achieved in 2021. 
 
Nuclear energy offers the unique benefit of ‘always on’ energy, in the form of electrons, heat, steam and hydrogen combined with zero carbon emissions during generation. Governments around the world are recognizing this value, as data shows that since records began, nuclear energy has been key in enabling the fastest build-outs of clean electricity – in fact 15 of the top 20 build-outs over the past five years result from nuclear energy. 
 
Favorability of nuclear energy is at a new high, as it is increasingly being recognized as a vital solution for tackling climate change, providing baseload electricity with zero carbon emissions. More nations are analyzing their own energy portfolios and are considering partnering with experienced countries to establish their own nuclear energy plants as part of global efforts to achieve Net Zero emissions and guarantee greater energy security. 
 
ENEC has successfully built and developed the Barakah Nuclear Energy Plant, a flagship project that is spearheading decarbonization in the Middle East region. Today Barakah is the largest single source of clean electricity in the UAE, generating 30TWh of electricity annually with a further 10TWh to be added in 2024 when Unit 4 comes online, and is widely considered a benchmark in the development of new nuclear builds around the world, in terms of project management and efficiency.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 22037 times
PR Category : Energy and Industry
Posted on : Friday, December 15, 2023  12:32:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Astana Grand Mosque takes action to Reduce Energy use by Cut...
Next Story : ENEC, EPRI Collaborate on Report Highlighting Nuclear's Role...
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
Catrice Unveils the Spring/Summer 2024 Collection: Introducing Shine Bomb Lip Lacquer! [37605-Views]
Unleash Your Inner Royalty with “Call me Queen” Dramatic False Lash Effect Mascara by esse... [36506-Views]
POCO Sets New Standard with Global Launch of F-Series in Dubai [32074-Views]
WFP News Video: WFP Warns Unprecedented Drought and Floods Causing Surge in Climate Relate... [30520-Views]
Pogačar takes second victory in a row at Giro D'Italia [26121-Views]
Pogačar second on Giro climb of Passo del Brocon [23407-Views]
Porsche Becomes Third Major Manufacturer To Commit To Formula E's Gen4 Era Until At Least ... [22042-Views]
Pogačar triumphs on Queen stage of Giro D'Italia [21443-Views]
Beauty Meets Technology: CHATEAU BERGER Cosmetiques Unveils its Cutting-Edge Skincare Line... [10820-Views]
Rick and Morty x SHEGLAM: Jump into an Interdimensional Makeup Adventure [10463-Views]
Alpen Capital Report highlights investment opportunities amid strengthening investment tie... [7950-Views]
Eid Al-Adha at Bawabat Al Sharq Mall: Mark Your Calendars for Great Family Fun & Big Wins... [7806-Views]
TCL Middle East & Africa showcases their latest line-up of products in Istanbul [7597-Views]
Danube Properties hands over project Pearlz six months ahead of schedule [7421-Views]
AW Rostamani Group Drives Sustainable Mobility at Electric Vehicle Innovation Summit With ... [7392-Views]
Cartier Spring-Summer 2024 Trinity Eyewear Limited Edition [7351-Views]
AIDA-2024 discusses the uses of AI in medicine and cosmetic surgery [7261-Views]
Opening Soon: Union Coop Announces Completion of Silicon Oasis Center [6966-Views]
Qatar Executive Welcomes the World's First Gulfstream G700 Aircraft to Doha [6814-Views]
Largest ever edition of the International Exhibition for National Security & Resilience ge... [6810-Views]
Fenton x Gemfields launch emerald-themed capsule collection with a conscience [6712-Views]
Air Chateau – a promising 360° helicopter operation, gearing to redefine the mobility spac... [6621-Views]
Contemporary Indian Tapas, Cocktails, and Shisha Lounge Indi 16 Now Open at Citymax Busine... [6580-Views]
EDGE Group and Fincantieri Formalise Shipbuilding Joint Venture, MAESTRAL, and Announce 40... [6355-Views]
Day one of International Exhibition for National Security & Resilience (ISNR) Abu Dhabi 20... [6293-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories