{"id":81248,"date":"2023-12-14T00:00:00","date_gmt":"2023-12-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/"},"modified":"2023-12-14T00:00:00","modified_gmt":"2023-12-14T00:00:00","slug":"enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/","title":{"rendered":"ENEC signs another MoU to boost nuclear tech and the IFC extends financing in Africa + Iraq"},"content":{"rendered":"

More nuclear agreements for ENEC:<\/strong> The Emirates Nuclear Energy Corporation (ENEC) signed an MoU with Canada's Terrestrial Energy<\/a> to collaborate on using advanced nuclear energy technologies, Wam<\/a> writes. The companies will work on developing an integrated molten salt reactor plant in the UAE to produce electricity and hydrogen as well as reduce emissions in energy-intensive sectors. The agreement is part of ENEC's Advanced Nuclear Energy Technology Program<\/a>, which evaluates the use of small modular reactors and microreactors to produce steam, hydrogen and ammonia, as well as heat treatment for industrial processes.<\/p>\n

REMEMBER- ENEC made a big appearance at COP: <\/strong>Enec partnered with Bill Gates\u2019 TerraPower, GE Hitachi, and Kazakhstan's National Atomic Company Kazatomprom last week to boost the use of nuclear energy<\/a> and explore its latest tech. It also signed an MoU with US miniature nuclear reactor developer Xenergy to deploy the latest nuclear energy tech, and with the UK Department for Energy Security and Net Zero to collaborate on nuclear energy deployment. <\/p>\n

IN CLIMATE FINANCE NEWS-<\/strong><\/p>\n

The IFC lends Release USD 100 mn for Africa expansion: <\/strong>The International Finance Corporation (IFC) signed off on extending a USD 100 mn green loan to Scatec-backed<\/a> flexible solar leasing provider Release<\/a> for expansion plans into Chad and Cameroon, according to a statement<\/a>. Release will channel financing from the IFC loan to develop 35 MW and 36 MW solar stations in Chad and Cameroon, respectively, offsetting 62.2k tons annually. <\/p>\n

ALSO- Iraq\u2019s food <\/strong>security<\/strong> gets a boost: <\/strong>The IFC also provided a USD 112.5 mn debt financing package to Iraqi-based Sama Al Manar and Manar FZCO \u2014 subsidiaries of Turkey-based Tiryaki Agro<\/a> \u2014 to build a new agri-industrial complex in Iraq's Umm Qasr Port, according to a statement<\/a>. Sama Al Manar imports and sells corn and soybean meal \u2014 main ingredients for livestock feed representing the country\u2019s largest non-oil exports \u2014 while Manar FZCO.The project aims to bolster food security and diversify Iraq\u2019s economy away from fossil fuels.<\/p>\n

The details:<\/strong> The new facility \u2014 which will include a soybean crushing plant and warehouses \u2014 will help the company double its imports of corn by 2027, and enable it to import soybean for processing for the first time. The IFC will extend a USD 66 mn loan from its own account as part of the package, and mobilize up to USD 31.5 mn from the Dutch Entrepreneurial Development Bank, and up to USD 15 mn from French Development Agency\u2019s subsidiary Proparco. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project will produce electricity and hydrogen<\/p>\n","protected":false},"author":1,"featured_media":81249,"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":[545],"tags":[544,433,11,164,162,76,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cop-watch-agreements","tag-cop-watch-agreements","tag-enec","tag-enterpriseclimate","tag-green-finance","tag-ifc","tag-nuclear-energy","tag-uae","wpautop","entry"],"acf":{"mongo_id":"bc722aee-0620-44f4-9b84-106ecc46fc7e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/934.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ENEC 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