Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, September 16, 2010

Emirates Nuclear Energy Corporation (ENEC) Appoints Credit Suisse for New Nuclear Build

The Emirates Nuclear Energy Corporation (ENEC) has appointed Credit Suisse as the financial adviser to the country's groundbreaking civilian nuclear program.
ENEC, which is building nuclear power plants in the UAE and is owned by the Abu Dhabi Government, last December awarded a US$20 billion contract to a group of South Korean companies to construct four nuclear reactors on Abu Dhabi's western coastline by 2020. The contract represents the country's largest infrastructure project and has drawn the interest of scores of consulting firms and banks.
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