Reliance on Nuclear Power in UAE to Grow Manifold, According to New Kuick Research Study Now Available at MarketPublishers.com24 May 2016 • by Natalie Aster
LONDON – Nuclear power is projected to constitute one of the building blocks of the UAE’s new energy policy that is intended to deal with the issues of endangered energy security and surging environmental concerns owing to 100% reliance on fossil fuels to generate energy. Putting up nuclear and green energy based power stations constitutes a part of the new energy policy endorsed by the country’s government.
This transition in the energy sector and also in the overall economy will likely lead the way of sustained growth and is set to boost economic development manifold. Among the GCC countries, the UAE has acted as a pioneer in embarking upon nuclear power generation and is going at a rapid pace to commence producing electricity from the first nuclear power reactor in 2017. To date, 4 nuclear power generating units with an installed capacity of 1400 MW each are being under construction and anticipated to be set in operation during 2017-2020.
The approach chosen by the UAE to construct its first nuclear power reactors is based on global best practices, in tandem with the most cutting-edge infrastructure available with required modifications to adjust to the conditions in the country.
To offset its dearth of expertise or technology in the domain, the country has signed a total of 27 bilateral agreements for cooperation in planning, establishing a regulatory framework, in laying down safety standards and the provisioning of various materials.
New market research study “UAE Nuclear Power Sector Opportunity Analysis” developed by Kuick Research offers comprehensive examination of the national nuclear energy sector. The study gives an insightful outlook of the power degeneration, current and projected energy demand. It discusses the country’s energy policy beyond oil & gas; gives a detailed examination of the UAE nuclear power sector; canvasses the market dynamics covering major drivers & challenges; limelights the nuclear energy sector management and regulatory framework; covers key regulations pertaining to the industry; gives information on the nuclear power reactors across the country; and offers a shrewd, detailed industry outlook through 2020 and 2030.
More studies by the publisher can be found at Kuick Research page.