ENEC has signed an MoU with China National Nuclear Corporation (CNNC). The two organisations 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 Programme, 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 CEO 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 decarbonisation 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 utilised in other countries.
