New owners named for UAE’s nuclear power pioneer

  • Date: 24-Sep-2020
  • Source: Arabian Business
  • Sector:Oil & Gas
  • Country:UAE
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New owners named for UAE’s nuclear power pioneer

New owners were announced on Thursday for the company tasked with delivering nuclear power in the UAE.

ADQ, one of the region's largest holding companies with interests spanning key sectors of Abu Dhabi's economy, said that the Emirates Nuclear Energy Corporation (ENEC) has been added to its utilities portfolio.

Under a decree issued by Abu Dhabi Executive Council, the full ownership of ENEC's shares were transferred to ADQ from the Government of Abu Dhabi with immediate effect.

Mohamed Hassan Alsuwaidi, CEO of ADQ, (pictured below) said: “We welcome ENEC to our portfolio of companies which comprises some of Abu Dhabi's most successful and ambitious enterprises. We are working closely with our utilities companies, including TAQA, EWEC, ADSSC and now ENEC, to advance our nation's solid infrastructure that is vital for supporting the growth