Nuclear power is one of the only ways that the UAE can provide adequate power given its rapid expansion, according to an industry insider.
Alstop Power communications manager Jonathan Tripp revealed that there is currently a lot of interest in nuclear from the Abu Dhabi government.
“[The Abu Dhabi government] has been doing quite a lot of studies recently,” said Tripp. “They see nuclear as a potential solution for the future, but we are still waiting to see what comes out of their studies, its still in the research stage at the moment.”
He added: “Nuclear is probably one of the few ways that they will be able to power the UAE with its rapid expansion and growth.”
Tripp went on to describe current market conditions in the power sector as unpredictable, with power demand dropping as the growth in new buildings has slowed.
“If we look at what is being said by each of the power companies, they are investing in new technologies, new power plants or upgrading existing power plants to try and keep up with demand,” he concluded.
It was recently reported that the UAE has signed an agreement with the International Atomic Energy Agency for nuclear inspections ahead of the launch of an expected US$60 billion investment in atomic energy.
