More and more news that slipped through the holiday cracks as this story broke right after Christmas 2009. South Korea just signed a phat deal worth nearly $20 billion to build four (4) nuclear plants in the United Arab Emirates. It is the biggest international deal ever for South Korea.
This will be the first nuclear facility in an Arabian country. Saddam tried to build a nuclear facility back in the 1980s, but the facility was blown to bits by the Israeli Air Force before it could begin operation.
Source: BBC
The nuclear reactors should all be in operation by 2020, by which time demand for electricity in the UAE is expected to have more than doubled. The first is scheduled to begin supplying power in 2017.
As well as Kepco, the winning consortium includes Samsung, Hyundai and Doosan Heavy Industries, as well as US firm Westinghouse and Japan's Toshiba.
The South Korean president's office described the deal as "the largest mega-project in Korean history".
This will be the first nuclear facility in an Arabian country. Saddam tried to build a nuclear facility back in the 1980s, but the facility was blown to bits by the Israeli Air Force before it could begin operation.
Source: BBC
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