ESFC: International Investment, Global Engineering and Financial Consulting
About Us
  • About Company
  • Financing Projects
  • Long-Term Loans
  • 100% Project Funding
  • Refinancing
  • Finance and Technology
  • Latest Projects
  • Questions and Answers
Services Sectors
  • Finance
  • Consulting
  • Real Estate
  • Power
  • Oil and Gas
  • Mining and Handling
  • Industry and Environment
Financing & Engineering
  • Thermal Power Plants
  • Hydroelectric Power Stations
  • Solar Power Plants
  • Wind Farms
  • Electrical Substations
  • Waste Processing Plants
  • Water Treatment Plants
  • Sea Ports and Terminals
  • Liquefied Natural Gas Plants
  • LNG Regasification Terminals
  • Mining and Processing Plants
  • Chemical Plants
  • Mineral Fertilizer Plants
  • Cement Plants
Publications
Contact Us
    English
    • Русский язык
    English
    • Русский язык
    ESFC: International Investment, Global Engineering and Financial Consulting
    About Us
    • About Company
    • Financing Projects
    • Long-Term Loans
    • 100% Project Funding
    • Refinancing
    • Finance and Technology
    • Latest Projects
    • Questions and Answers
    Services Sectors
    • Finance
    • Consulting
    • Real Estate
    • Power
    • Oil and Gas
    • Mining and Handling
    • Industry and Environment
    Financing & Engineering
    • Thermal Power Plants
    • Hydroelectric Power Stations
    • Solar Power Plants
    • Wind Farms
    • Electrical Substations
    • Waste Processing Plants
    • Water Treatment Plants
    • Sea Ports and Terminals
    • Liquefied Natural Gas Plants
    • LNG Regasification Terminals
    • Mining and Processing Plants
    • Chemical Plants
    • Mineral Fertilizer Plants
    • Cement Plants
    Publications
    Contact Us
      English
      • Русский язык
      English
      • Русский язык
      ESFC: International Investment, Global Engineering and Financial Consulting
      English
      Русский язык
      • About Us
        • Back
        • About Us
        • About Company
        • Financing Projects
        • Long-Term Loans
        • 100% Project Funding
        • Refinancing
        • Finance and Technology
        • Latest Projects
        • Questions and Answers
      • Services Sectors
        • Back
        • Services Sectors
        • Finance
        • Consulting
        • Real Estate
        • Power
        • Oil and Gas
        • Mining and Handling
        • Industry and Environment
      • Financing & Engineering
        • Back
        • Financing & Engineering
        • Thermal Power Plants
          • Back
          • Thermal Power Plants
          • Financial model for a thermal power plant
          • Thermal power plant project financing
          • Thermal power plant design
          • Thermal power plant construction
          • Thermal power plant modernization
        • Hydroelectric Power Stations
          • Back
          • Hydroelectric Power Stations
          • Hydropower plant financial model
          • Hydropower plant project financing
          • Hydropower plant design
          • Hydropower plant construction
          • Hydropower plant modernization
        • Solar Power Plants
          • Back
          • Solar Power Plants
          • Solar energy project financial model
          • Solar power plant project financing
          • Solar power plant design
          • Solar power plant construction
          • Solar thermal power plant construction
          • Solar power plant modernization
        • Wind Farms
          • Back
          • Wind Farms
          • Wind farm financial model
          • Wind farm project financing
          • Wind farm engineering services
          • Wind farm construction
          • Wind power plant modernization
        • Electrical Substations
          • Back
          • Electrical Substations
          • Financial model of an electrical substation
          • Project financing of an electrical substation
          • Substation design
          • Substation construction
          • Substation modernization
        • Waste Processing Plants
          • Back
          • Waste Processing Plants
          • Waste processing plant financial model
          • Waste processing plant financing
          • Waste recycling plant design
          • Waste processing plant construction
          • Waste processing plant modernization
        • Water Treatment Plants
          • Back
          • Water Treatment Plants
          • Wastewater treatment project financing
          • Wastewater treatment plant design
          • Wastewater treatment plant construction
          • Wastewater treatment plant modernization
        • Sea Ports and Terminals
          • Back
          • Sea Ports and Terminals
          • Financial model of the seaport
          • Financing for seaport projects
          • Seaport engineering design
          • Seaport construction
          • Seaport modernization and expansion
        • Liquefied Natural Gas Plants
          • Back
          • Liquefied Natural Gas Plants
          • LNG plant project financing
          • LNG plant design
          • Construction of liquefied natural gas plants
        • LNG Regasification Terminals
          • Back
          • LNG Regasification Terminals
          • LNG regasification terminal project financing
          • LNG regasification terminal design
          • LNG regasification terminal construction
        • Mining and Processing Plants
          • Back
          • Mining and Processing Plants
          • Mining and processing plant financing
          • Mining and processing plant design
          • Mining and processing plant construction
        • Chemical Plants
          • Back
          • Chemical Plants
          • Financing a chemical plant project
          • Chemical plant design
          • Chemical plant construction
          • Chemical plant modernization
        • Mineral Fertilizer Plants
          • Back
          • Mineral Fertilizer Plants
          • Mineral fertilizers plant financing
          • Mineral fertilizer plant design
        • Cement Plants
          • Back
          • Cement Plants
          • Cement plant project financing
          • Cement plant design
          • Cement plant construction
          • Cement plant modernization
      • Publications
      • Contact Us
      Carrer Pic de Peguera, 11, 17003 Girona, Spain
      info@esfccompany.com
      • Home
      • Publications
      • The first power unit of the Barakah NPP (UAE) will go into operation by the end of 2020

      The first power unit of the Barakah NPP (UAE) will go into operation by the end of 2020

      The first power unit of the Barakah NPP (UAE) will go into operation by the end of 2020

      After the launch of the Barakah NPP in 2020, the United Arab Emirates will become the first country in the Arab world to use nuclear energy.

      ► Project finance and lending: from €50 million with a loan duration up to 20 years
      The first unit of Barakah nuclear power plant may be launched in the coming months.

      Executive Director of Emirates Nuclear Energy Corporation (ENEC) Mohamed Al Hamadi says that this will happen no later than the end of 2020.

      The first nuclear power plant on the peninsula should cover a quarter of the country's total electricity demand.

      The construction of the first of four Korean reactors, the APR-1400, began in 2012 near Abu Dhabi, and the construction of three other power units began in the next three years. This happened in 2013, 2014 and 2015, respectively.

      The first power unit was completed in 2018. In February 2020, the Federal Authority for Nuclear Regulation issued a license to operate the power plant for Nawah, a subsidiary of ENEC.

      Only at the beginning of 2020, after 12 years of negotiations, the United Arab Emirates (UAE) received the green light at the international level for the operation of the first nuclear power plant.

      This is an important achievement that will ensure the entry of the UAE into a club of 30 privileged countries operating nuclear facilities. The UAE is also becoming the first country to join the "nuclear club" in the last thirty years, since China did this back in 1990.

      Authorities say that energy produced by a nuclear power plant will cover 25% of the country's energy needs. This investment project is funded from the UAE and South Korea. The main partner of ENEC is the Korea Electric Power Corporation (KEPC). The project cost exceeds $ 24 billion.

      International experts note the UAE's responsible approach to the construction of a nuclear power plant.

      To guarantee nuclear safety and reassure neighbors, the country's leadership signed the required international conventions and entered into an agreement with the United States, agreeing to never begin the process of enriching uranium or processing plutonium.

      However, concerns remain about safety, as well as protecting the environment and the workforce. Although the APR-1400 reactors do not work with materials that can be used to create a nuclear bomb, many have expressed concern about a possible terrorist attack on a nuclear facility.

      Obviously, the political situation surrounding the first nuclear power plant in the Arab world requires engineers to develop highly effective security systems.

      Meanwhile, the Saudis said they were planning to build several more nuclear power plants for energy purposes, but so far they had not begun construction and had not signed any contracts.

      The question remains, why does a country with a reserve of oil and natural gas for many decades strive to develop nuclear energy. UAE officials say they want to export more oil and natural gas.

      However, the Saudis do not shed light on why the country is focusing on nuclear energy instead of solar photovoltaic power plants. The United Arab Emirates has unlimited desert territories and solar resources, and prices for solar electricity are declining, unlike nuclear energy.

      Some analysts partially explain this by the desire of the UAE to obtain the status of a nuclear club country, as well as by the desire to encourage the training of local specialists in the field of nuclear energy and high technology.

      Energy development in the UAE: prospects for investors

      Businesses and citizens in the United Arab Emirates enjoy low, state-subsidized energy prices.

      However, this leads to excessive consumption: 2 or 3 times higher than the average in the rest of the world. For this reason, since 2014, the government has been thinking about raising prices, which will lead to a more responsible attitude to energy consumption and environmental protection.

      UAE citizens can hardly be called modest. Because of cheap natural resources, they don’t think about the costs and prefer to buy cars with high fuel consumption. One of the biggest shopping centers (Mall of Emirates in Dubai) is equipped with a ski slope that maintains a constant temperature of -1 C at any time of the year.

      Low energy costs attract energy-intensive industries such as aluminum processing. However, these plants are the main environmental pollutants on the peninsula.

      In recent years, the government has struggled to reduce electricity consumption while trying to replace fossil fuel energy with renewable energy sources such as solar photovoltaic power plants.

      In 2005, the United Arab Emirates, one of the first oil producing countries, ratified the Kyoto Protocol to the United Nations Climate Change Convention.

      Abu Dhabi has established one of the most comprehensive clean energy initiatives in the world.

      In the 2000s, Abu Dhabi allocated $ 15 billion for renewable energy programs. The Masdar Initiative emphasizes commitment to the global environment and diversification of the UAE economy.

      The Initiative's partners include the world's largest energy companies and institutions: BP, Shell, Occidental Petroleum, Total, General Electric, Mitsubishi, Mitsui, Rolls Royce, Imperial College London, MIT and WWF.

      Clearly, the United Arab Emirates is launching a new energy strategy to replace natural gas and oil with more sustainable alternatives.

      According to initial estimates, replacing half of the energy currently used by the Emirates with renewable energy will lead to savings over the next 30 years, which will cover all the investments needed for this modernization.

      According to rough estimates, the amount of investment for the transition to energy from renewable sources can range from 130 to 160 billion dollars over the next 30 years. This will allow the country to save about $ 200 billion over the same period.

      According to rough estimates, the amount of investment for the transition to energy from renewable sources can range from 130 to 160 billion dollars over the next 30 years

      Solar energy in the United Arab Emirates

      The UAE’s ambitious energy plans will provide significant annual energy savings, increase hydrocarbon exports and help preserve the environment. Today, the country is almost entirely dependent on state-subsidized natural gas.

      The goals set for the UAE are rather ambitious, but no less ambitious are the new strategies of a number of other countries of the world that replace fossil fuels with renewable ones. For example, the UK plans to completely replace coal energy with renewable energy by 2025.

      China has managed to reduce the consumption of fossil fuels and at the same time increase energy consumption through the development of green technologies. Today, China is the world leader in solar energy production.

      It was the widespread use of solar panels in China that led to a sharp decline in the cost of equipment for the production of solar energy. This trend will completely change the global energy industry in the next few years.

      Solar energy is getting cheaper, and in the next few years it will become the most affordable source of energy, especially in the favorable conditions of the Arabian Peninsula.

      Amid falling oil prices, the United Arab Emirates seeks to make its economy independent of hydrocarbon exports. Almost every week, the government raises the question of finding and developing oil alternatives.

      Doubling the production of solar energy in Dubai can prove the stability of the UAE economy.

      At the end of March 2015, a unique investment project was launched to build the largest solar power station in the region.

      The solar energy complex under construction should reach a capacity of 5 gigawatts by 2030, becoming the most powerful object of this type in the world. In 2018-2020, three projects were already commissioned with a capacity of 200 to 300 megawatts, which provide electricity to hundreds of thousands of buildings.

      The UAE hopes that the success of the first such large project should attract investors.

      These are attractive investment opportunities for companies from all over the world.

      At the same time, local authorities emphasize that an increase in oil prices at some point is inevitable. The government plans to increase renewable energy in order to gain an advantage in the global oil and gas market.

      In November 2015, the prince of Dubai, Sheikh Mohammed bin Rashid Al-Maktoum, announced the launch of a strategy that will provide up to 75% of electricity production from alternative clean sources by 2050.
      Our experts and asset managers will quickly and expertly advise you on issues of interest
      Order service

      Tags
      nuclear energy uae npp

      Service Sectors
      Project finance
      Project finance
      Solar photovoltaic power plants (PV)
      Solar photovoltaic power plants (PV)
      Solar thermal power plants (STPP)
      Solar thermal power plants (STPP)
      Long-term loan
      Long-term loan
      Hydroelectric power plants (HPP): project finance and loans
      Hydroelectric power plants (HPP): project finance and loans
      Investment lending
      Investment lending
      Structured finance
      Structured finance
      Financial consulting
      Financial consulting
      Investment engineering
      Investment engineering

      Financing and Engineering
      Thermal power plant project financing
      Thermal power plant project financing
      ESFC offers project finance for the construction of thermal power plants with a minimum down payment (10%) for our clients: investment loan models.
      Wind farm project financing
      Wind farm project financing
      ESFC promotes investments and offers financial models with a minimum contribution (10 %) for the construction of large wind farms around the world.
      Waste processing plant financing
      Waste processing plant financing
      ESFC promotes long-term investments with a minimum project initiator contribution (10%) and offers financing for the construction of waste processing plants around the world.
      Solar power plant project financing
      Solar power plant project financing
      ESFC offers financial models with a minimum contribution (10%) and long-term investments for the construction of large solar power plants around the world.
      Chemical plant modernization
      Chemical plant modernization
      Our company offers modernization of chemical plants around the world, offering innovative solutions to improve energy efficiency, productivity and environmental safety.
      Solar power plant construction
      Solar power plant construction
      We are engaged in the construction of solar power plants, from project development and feasibility studies to installation, optimization and maintenance: EPC contracts.
      Back to list Next article
      Categories
      • News14
      • Technology2
      • Investments and Loans34
      • Project Finance19
      • Finance and Construction6
      • Consulting and Engineering10
      • Infrastructure3
      • Agriculture1
      • Thermal Energy3
      • Solar Energy15
      • Wind Energy10
      • Water Treatment1
      • Waste Recycling3
      • Cement and Concrete1
      Related Articles
      • Poland invests in extending the life of thermal power plants
        Poland invests in extending the life of thermal power plants
      • Poland refuses Russian oil thanks to investments in oil terminals
        Poland refuses Russian oil thanks to investments in oil terminals
      • Governments continue to subsidize fossil fuels worldwide
        Governments continue to subsidize fossil fuels worldwide
      • Germany increases investment in LNG projects amid geopolitical tensions in Europe
        Germany increases investment in LNG projects amid geopolitical tensions in Europe
      • China as a global leader in the wind energy sector
        China as a global leader in the wind energy sector
      • China increases investment in coal mining
        China increases investment in coal mining
      • Investment in Canadian hydropower sector
        Investment in Canadian hydropower sector
      • Europe increases investment in biogas projects
        Europe increases investment in biogas projects
      • European investment in hydrogen projects on the rise
        European investment in hydrogen projects on the rise
      • Green economy: investment and transition risks
        Green economy: investment and transition risks
      Tag Cloud
      agriculture audit australia bank biogas bonds brazil bulgaria business canada cement factory cestas china coal compound feed plant comprehensive engineering concentrated solar power plant construction consulting contract contractor cost credit crisis cryogenic energy storage csp debt funding design egypt energy energy engineering engineering epc equipment esfc eu europe finance financial consulting financial modeling france gas general contractor germany green economy holding hotel hpp hydrogen hydropower plant incineration plant india industrial engineering infrastructure international engineering investment investment fund latin america leasing liquefied natural gas lng loan maintenance malaysia management mexico mining modernization morocco noor quarzazate north sea npp nuclear energy nunez de balboa offshore wind farm oil oman philippines poland ppp project finance project management pv real estate recycling refinery saudi arabia solar photovoltaic power plant solar power plant spain special purpose vehicle spv structured finance technology terminal thermal power plant tpp uae uk usa waste processing plant wastewater treatment plant water treatment wind energy wind farm wind power plant wpp wwtp
      © 2022 ESFC Investment Group
      All Rights Reserved
      Address
      Carrer Pic de Peguera, 11, 17003 Girona, Spain
      Stay in touch