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Abu Dhabi-based utility National Central Cooling Co. sees scope for further acquisitions after announcing a $1 billion deal to buy another air-conditioning provider in the United Arab Emirates capital....
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Abu Dhabi's main power utility agreed to buy the UK's Transmission Investment, one of the largest operators of assets connecting wind farms at sea to the British electricity grid....
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UAE Considering Building A Second Nuclear Power Plant
Authored by Alex Kimani via OilPrice.com,
The United Arab Emirates is considering building a second nuclear power plant to meet surging electricity demand, a government official has told Reuters.
Home to 10 million people, the UAE commissioned the first unit of the Barakah Nuclear Energy Plant in 2020, becoming the first Arab country to build a nuclear power plant.
The UAE completed the fourth unit of the power plant in 2023 with total construction costs approaching $25 billion. The final reactor of the UAE's only nuclear plant is set to start commercial operations in the current year.
"The government is looking at this option. No final decision has been made in terms of the tender process but I can tell you that the government is actively exploring this option,” Hamad Alkaabi, permanent representative of the United Arab Emirates to the IAEA, has told Reuters.
According to Alkaabi, any new power plant would likely consist of tw...