Areva Will Supply Enriched Uranium For Eight Years To UAE

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.

Click here to read the full Platts report.