The Emirates Nuclear Energy Corporation (ENEC) and the Romanian nuclear energy company, Nuclearelectrica have signed a Memorandum of Understanding (MoU) for bilateral cooperation within the nuclear energy sector to support the growth of this critical energy source in tackling the dual challenges of energy security and climate change.
The objective of the MoU is to provide both parties with an enabling framework for potential collaboration on the development and expansion of nuclear energy programs in the UAE and Romania, as well as within Central and Eastern Europe.
ENEC and Nuclearelectrica will work together to assess potential partnerships in operations and maintenance support of nuclear energy plants, capacity building and human capital development, as well as synergies in research and development (R&D). The two parties will share experience in developing financing and commercial frameworks of nuclear programs, as well as exchanging knowledge on project management capabilities.
Mohamed Ibrahim Al Hammadi MD & CEO – ENEC
“Our partnership with Nuclearelectrica reaffirms our commitment to advancing Net Zero nuclear globally. As more and more nations recognize the crucial role nuclear energy plays as a proven solution to boosting domestic energy security and in parallel decarbonizing the power sector, as well as a heavy industry through the generation of heat, steam and clean hydrogen, international partnerships will become even more critical to accelerating the development of nuclear programs We look forward to working with Nuclearelectrica to explore opportunities to grow the global nuclear fleet and ensure reliable and sustainable operations, in addition to sharing knowledge on advanced technologies such as Small Modular Reactors (SMRs) and other advanced technologies.”
Mr. Cosmin Ghita, Chief Executive Officer of Nuclearelectrica, said that “The nuclear industry is a strategic resource in countries with tradition and expertise or in countries that consider the development of nuclear capabilities as a solution to various environmental or energy system challenges. Experienced operators face the same challenges and see the same opportunities and we welcome this MoU with ENEC as we are sure that the exchange of experience in key areas, together with the identification of measures and new frameworks for cooperation and development will have a direct beneficial impact on both companies.”
SN Nuclearelectrica SA has strategic investment projects in progress worth an estimated $13 billion including Cernavoda Unit 1 Refurbishment, Units 3 and 4 Projects, development of small modular reactors in cooperation with NuScale, as well as support projects for current operations, such as the Tritium Removal Facility.
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