KEPCO acquired a 20% stake in the Barakah nuclear power plant in the United Arab Emirates

Acquisition Nuclear announced United Arab Emirates Oct 1, 2020

USD1200M

Deal Value

5600 MW

Capacity

KEPCO acquired a 20% stake in the Barakah nuclear power plant.

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Counterparts (2)

Seller

Korea Electric Power Corporation (KEPCO)

company · 2 deals

Korea Electric Power Corporation (KEPCO) is a South Korean electric utility company. It is involved in the generation, transmission, and distribution of electricity, as well as the development of new energy technologies.

Buyer

Emirates Nuclear Energy Corporation

Emirates Nuclear Energy Corporation (ENEC) is responsible for the development of nuclear energy in the United Arab Emirates. It focuses on constructing and operating nuclear power plants to provide a clean and reliable source of electricity.

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Timeline

Announced

Oct 1, 2020

Signed

Closed

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Source

www.khaleejtimes.com

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