ENEC & Nuclearelectrica explore bilateral cooperation in power sector decarbonization

  • Date: 22-Mar-2023
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:UAE
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ENEC & Nuclearelectrica explore bilateral cooperation in power sector decarbonization

The Emirates Nuclear Energy Corporation (ENEC) and the Romanian nuclear energy company, Nuclearelectrica have signed a Memorandum of Understanding (MoU) for bilateral cooperation within the nuclear energy sector to support the growth of this critical energy source in tackling the dual challenges of energy security and climate change.

The objective of the MoU is to provide both parties with an enabling framework for potential collaboration on the development and expansion of nuclear energy programs in the UAE and Romania, as well as within Central and Eastern Europe.

ENEC and Nuclearelectrica will work together to assess potential partnerships in operations and maintenance support of nuclear energy plants, capacity building and human capital development, as well as synergies in research and development (R&D). The two parties will share experience in developing financing and commercial frameworks of nuclear programs, as well as exchanging knowledge on project management capabilities.

Mohamed Ibrahim Al Hammadi

MD & CEO – ENEC “Our partnership with Nuclearelectrica reaffirms our commitment to advancing Net Zero nuclear globally. As more and more nations recognize the crucial role nuclear energy plays as a proven solution to boosting domestic energy security and in parallel decarbonizing the power sector, as well as a heavy industry through the generation