Platts reported Areva (EPA:AREVA) will supply enriched uranium for eight years to four of Emirates Nuclear Energy’s planned Barakah units.
As quoted in the market news:
Areva said it signed a supply contract with state-owned ENEC worth more than Eur400 million ($491.3 million).
ENEC last month began pouring the safety-related concrete for its first power reactor at Barakah, formerly called Braka. The UAE Federal Authority for Nuclear Regulation has issued a license for ENEC to build two South Korean-designed APR1400 units at Barakah in the western region of Abu Dhabi. In December 2009, ENEC and Korea Electric Power Corp. signed a turnkey contract for four APR1400s at Barakah and related services.