The United Arab Emirates is still looking at options to manage its radioactive waste in the long term for its planned nuclear plants as what is OPEC's fourth-largest crude producer tries to cut its reliance on oil, the chief executive of Emirates Nuclear Energy Corp., or ENEC, said Wednesday.
The
United Arab Emirates
is
still looking at options to manage its radioactive waste in the long term for
its planned nuclear plants as what is OPEC's fourth-largest crude producer
tries to cut its reliance on oil, the chief executive of Emirates Nuclear
Energy Corp., or ENEC, said Wednesday.
ENEC will have its units built to have sufficient spent fuel storage capacity
for the short term and will also construct independent spent fuel storage
installations for the medium term of about 100 years and beyond, Mohamed Al
Hammadi told the Wall Street Journal on the sidelines of the World Energy
Congress in South Korea.
But for the long term "we are still evaluating our options. We could
either reprocess the spent fuel outside the country or do repositories inside
or outside the U.A.E.," he said.
The U.A.E. is seeking to meet its growing energy consumption without
diminishing its crude exports by generating 25% of its power from nuclear
plants by 2020.
Last year, ENEC secured permission to construct two nuclear power units in the
country--the first in a string of planned plants in the
Persian
Gulf
region. It has also applied to the country's nuclear regulator for a
license to build a third and fourth nuclear reactor in the western area of
Abu
Dhabi
. Each reactor is capable of producing 1,400
megawatts of electricity with the first expected to be operational in 2017.
Several
Gulf states
,
including top oil exporter and fellow member of the Organization of the
Petroleum Exporting Countries Saudi Arabia, are looking at nuclear power after
failing in recent years to develop enough gas production to meet their rising
electricity demand. The latter is particularly pronounced in the summer when
use of electric-powered air conditioning soars.
The U.A.E, which produces around 2.8 million barrels a day of crude, is one of
the world's top five power consumers per capita. Currently, around 80% of the
country's power is generated from burning natural gas, while the rest comes
from oil, which the Gulf state wants to preserve for lucrative crude exports.
ENEC signed contracts worth $3 billion in August with six international
companies, including
Russia
's
Tenex, Rio Tinto PLC (
RIO
) and
France
's
Areva SA (ARVCY), to supply nuclear fuel, conversion and enrichment services
for its four South Korea-designed advanced pressurized water reactors.
"These contracts are for 15 years and they are with several supplies. If we
don't get the supply from one place we can get it from another and we have the
flexibility of the security of supply," Mr. Hammadi said.
The U.A.E. is investing billions of dollars in developing alternate sources of
energy as part of plans to diversify its economy away from hydrocarbons. Its
planned nuclear reactors are set to be the first in a string of civilian power
plants in the
Middle East
, potentially including
Egypt
and
Saudi
Arabia
. Unlike nearby
Iran
, the
U.A.E. is committed to not enriching uranium itself nor reprocessing spent
fuel.
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