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 19770 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
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Khabib's Official Training Gloves Will Be Sold at Tooba Charity Auction in Dubai [30611-Views]
Oliver rowland wins misano e-prix opener after antonio felix da costa disqualification [26072-Views]
Victory for Pascal Wehrlein after last Lap Heartbreak for Rowland [24395-Views]
Formula E and FIA to unveil new gen3 evo race car at upcoming monaco E-prix [21759-Views]
Hysek reveals iconic timepieces at Watches & Wonders 2024 [15842-Views]
Henry Jacques launches Collection de l'Atelier [13026-Views]
Nikai unveils next-generation Google TVs redefining home entertainment [9844-Views]
South Indian Cinema Megastars Rana Daggubati, Rockstar DSP Akul Balaji, Vijay Raghavendra,... [9532-Views]
Mansour bin Mohammed congratulates Hamdan bin Mohammed on the Qatar-UAE Super Shield crown [9168-Views]
Goodbye to the Grrr-Eight One: Jeep® Brand Announces 2024 Wrangler Rubicon 392 Final Editi... [7679-Views]
Kia wins prestigious 2024 Car Design Award for Brand Design Language with ‘Opposites Unit... [7528-Views]
Zone in with oakley® latch panel: Take Control Of The Chaos With New Lifestyle Sunglasses [6872-Views]
Parmigiani Fleurier – New TORIC Collection [6851-Views]
Swiss International School Dubai students get seven-star work experience at Burj Al Arab [6597-Views]
Eternal Elegance: Casadei Unveils The Enchanting 2024 Bridal Collection [6539-Views]
World Future Energy Summit Opens with Collective Call for Collaboration on ‘Pathway to 1.5... [6507-Views]
Hitachi Energy unveils cutting-edge solutions at Middle East Energy 2024 [6453-Views]
AUS secures top spots in academic and employer reputation in UAE, announces QS World Unive... [6195-Views]
Transform Your Kitchen With Lg's Next-Gen Instaview Oven Designed For The Modern Home [6142-Views]
How Not To be Lonely To Be At The Top: The Blueprint for Transformative Leadership [6027-Views]
Turkish Airlines closes 2023, carrying 83.4 million passengers with a 23.5% increase in do... [6019-Views]
Heritance Aarah Maldives: Your Summer Culinary Getaway [5945-Views]
Natuzzi Italia @ Milano Design Week 2024: The Circle Of Harmony – 65th Anniversary Collec... [5875-Views]
Dubai sports council issued a medal to appreciate the first line of defence heroes [5744-Views]
The English College Announces Leadership Transition and Reaffirms Commitment to Excellence [5588-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories