news/latest-news/ /news/latest-news/emirates-nuclear-energy-corporation-s-barakah-one-company-wins-esg-financing-award-for-groundbreaking-usd2-42bn-green-refinancing/ /news/latest-news/emirates-nuclear-energy-corporation-s-barakah-one-company-wins-esg-financing-award-for-groundbreaking-usd2-42bn-green-refinancing/ - ENEC’s Barakah One Company has been selected as winner of the ESG Loan Deal of the Year for the 2024 edition of the prestigious Bonds, Loans & Sukuk Middle East Awards for the $2.42bn refinancing of the Barakah Nuclear Energy Plant project - The Barakah Nuclear Energy Plant refinancing loan, in partnership with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB was the first in the MENA Region and Asia to be independently recognized as a green loan facility - The green refinancing was achieved through participation of prominent UAE banks, supporting the UAE’s In-Country Value Program and underscoring the important role of the nuclear energy sector in contributing to the UAE’s green economy through clean, carbon-free electricity Tue, 30 Apr 2024 00:00:00 +0100 /news/latest-news/unit-4-of-barakah-nuclear-energy-plant-successfully-connected-to-uae-grid/ /news/latest-news/unit-4-of-barakah-nuclear-energy-plant-successfully-connected-to-uae-grid/ - Unit 4 grid connection to UAE’s transmission network advances nation’s journey to Net Zero by 2050 - Four operational units of Barakah will soon provide up to 25% of the UAE’s electricity needs, supporting the decarbonization of the UAE’s power sector- Barakah is nearing its milestone of generating 40 terawatt-hours (TWh) of clean electricity per year Sat, 23 Mar 2024 00:00:00 +0000 /news/latest-news/enec-signs-mou-with-general-atomics-to-collaborate-on-integration-of-advanced-materials/ /news/latest-news/enec-signs-mou-with-general-atomics-to-collaborate-on-integration-of-advanced-materials/ Fri, 22 Mar 2024 00:00:00 +0000 /news/latest-news/barakah-plant-2-42-bn-refinancing-recognized-as-green-loan-facility-reinforcing-its-integral-role-/ /news/latest-news/barakah-plant-2-42-bn-refinancing-recognized-as-green-loan-facility-reinforcing-its-integral-role-/ - Barakah Plant project refinancing loan with two leading UAE banks, Abu Dhabi Commercial Bank PJSC (ADCB) and First Abu Dhabi Bank PJSC (FAB), is the first in MENA Region and Asia to be recognized as a green loan facility.- Positions Barakah Plant and the wider nuclear sector at the forefront of clean financing instruments for proven baseload technologies to accelerate the clean energy transition- Refinancing through UAE Banks is a powerful driver for In Country Value Program in the UAE to support the Net Zero Economy- Green refinancing through prominent UAE banks underscores Barakah Plant’s continued prevention of millions of tons of carbon emissions annually for at least 60 years Tue, 12 Mar 2024 00:00:00 +0000 /news/latest-news/unit-4-start-up-at-barakah-nuclear-energy-plant-accelerates-uae-towards-net-zero-2050/ /news/latest-news/unit-4-start-up-at-barakah-nuclear-energy-plant-accelerates-uae-towards-net-zero-2050/ - The fourth unit start-up moves Barakah towards generating 25% of UAE’s electricity needs, 24/7- Barakah accelerates decarbonization of the UAE grid and achievement of Net Zero by 2050 target - Barakah offers a new model for efficient nuclear plant development Fri, 01 Mar 2024 00:00:00 +0000