The Barakah Nuclear Energy Plant

The Barakah Nuclear Energy Plant

Industry
Power/Nuclear
Area of finance
Project & Infrastructure Finance
Country
United Arab Emirates

Deal Overview

Electricity demand among UAE households has been growing significantly in the past few years and will be difficult to manage in the future if no effective sustainable measures are undertaken, a study by London-based management consultancy Strategy& has revealed. The United Arab Emirates (UAE)...

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Electricity demand among UAE households has been growing significantly in the past few years and will be difficult to manage in the future if no effective sustainable measures are undertaken, a study by London-based management consultancy Strategy& has revealed.

The United Arab Emirates (UAE) has secured $24.4 billion in funding for the first nuclear power plant in the country. The Department of Finance of Abu Dhabi and the Export-Import Bank of Korea (Kexim) have stumped up the lion’s share of the financing thus far.

Emirates Nuclear Energy Corp (ENEC) and Kepco jointly own the project.

 

 

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Deal Volume
$ 18.95bn
Financial Close
27 October 2016

All Dealmakers

Oliver Irwin

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John Dewar

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Kilian de Cintre

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Sarah Stock

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Tranches


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Projects

The Barakah Nuclear Energy Plant

Greenfield
Nuclear
United Arab Emirates
$ 24.4bn