The Emirates Nuclear Energy Corporation (ENEC) is the developer of the Barakah nuclear power plant, the first nuclear plant in the Arab world, and Peace | Crowell represents ENEC and its subsidiaries in all aspects of structuring, negotiating and documenting the offtake, joint venture, governance, financing and other commercial and transactional arrangements for the Barakah plant. Today the UAE Federal Authority for Nuclear Regulation (FANR) has issued the first operating license for the Barakah nuclear plant, marking a major milestone for ENEC, the UAE and the nuclear industry.
Abu Dhabi crown prince Sheikh Mohammed bin Zayed issued a statement that, “Today marks a new chapter in our journey for the development of peaceful nuclear energy with the issuing of the operating license for the first Barakah plant. As we prepare for the next 50 years to safeguard our needs, our biggest strength is national talent.”