{"id":78311,"date":"2023-07-06T01:00:21","date_gmt":"2023-07-06T01:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/07\/06\/emirates-nuclear-energy-corporation-and-koreas-kepco-refinance-the-barakah-nuclear-plant-in-the-uae\/"},"modified":"2023-07-06T01:00:21","modified_gmt":"2023-07-06T01:00:21","slug":"emirates-nuclear-energy-corporation-and-koreas-kepco-refinance-the-barakah-nuclear-plant-in-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/07\/06\/emirates-nuclear-energy-corporation-and-koreas-kepco-refinance-the-barakah-nuclear-plant-in-the-uae\/","title":{"rendered":"Emirates Nuclear Energy Corporation and Korea\u2019s Kepco refinance the Barakah Nuclear plant in the UAE"},"content":{"rendered":"

<\/a> UAE\u2019s Barakah Nuclear plant completes loan refinancing:<\/strong> The Barakah One Company \u2014 a JV between Emirates Nuclear Energy Corporation (Enec) and the Korea Electric Power Corporation (Kepco) \u2014 has refinanced Abu Dhabi\u2019s 5.6 GW Barakah Nuclear Energy Plant with help from Abu Dhabi Commercial Bank and First Abu Dhabi Bank, Wam<\/a> reports.<\/p>\n

The details:<\/strong> Barakah One has refinanced the full outstanding balance of loans the JV had secured from South Korea\u2019s Export-Import Bank of Korea (Kexim), the news agency notes. In 2016, Kexim extended USD 2.5 bn in credit lines to Barakah One in a bid to help finance the USD 30 bn<\/a> project, according to Business Korea<\/a>. Separately, Kexim had also provided c. USD 600 mn to Kepco that year, but Wam does not specify if the debt has also been refinanced.<\/p>\n

REMEMBER- Enec is gearing up to bring the final phase of the project online:<\/strong> The Emirates Nuclear Energy Corporation (ENEC) said it began operational readiness procedures for the fourth and final unit of Abu Dhabi\u2019s Barakah Nuclear Energy Plant last month<\/a>. The fourth phase is set to up the plant\u2019s full production volume to 5.6 GW of clean energy once fully operational \u2014 meeting some 25% of the UAE\u2019s total energy needs. The third unit added 1.4 GW to the UAE grid back in February<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE\u2019s Barakah Nuclear plant completes loan refinancing: The Barakah One Company \u2014 a JV between Emirates Nuclear Energy Corporation (Enec) and the Korea Electric Power Corporation (Kepco) \u2014 has refinanced Abu Dhabi\u2019s 5.6 GW Barakah Nuclear Energy Plant with help from Abu Dhabi Commercial Bank and First Abu Dhabi Bank, Wam reports. The details: Barakah […]<\/p>\n","protected":false},"author":1,"featured_media":78312,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,76,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-nuclear-energy","tag-uae","wpautop","entry"],"acf":{"mongo_id":"40d52d47-6d41-4d1e-a45f-5c1d2e83c6cf","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/947.jpg","photo_position":"above","related_issue":[78299],"teaser":"","voice_url":""},"yoast_head":"\nEmirates Nuclear Energy Corporation and Korea\u2019s Kepco refinance the Barakah Nuclear plant in the UAE - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/06\/emirates-nuclear-energy-corporation-and-koreas-kepco-refinance-the-barakah-nuclear-plant-in-the-uae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emirates Nuclear Energy Corporation and Korea\u2019s Kepco refinance the Barakah Nuclear plant in the UAE\" \/>\n<meta property=\"og:description\" content=\"UAE\u2019s Barakah Nuclear plant completes loan refinancing: The Barakah One Company \u2014 a JV between Emirates Nuclear Energy Corporation (Enec) and the Korea Electric Power Corporation (Kepco) \u2014 has refinanced Abu Dhabi\u2019s 5.6 GW Barakah Nuclear Energy Plant with help from Abu Dhabi Commercial Bank and First Abu Dhabi Bank, Wam reports. 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