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.