AIRLINK 180.00 Decreased By ▼ -1.39 (-0.77%)
BOP 11.46 Increased By ▲ 0.29 (2.6%)
CNERGY 8.71 Increased By ▲ 0.17 (1.99%)
CPHL 95.45 Increased By ▲ 1.19 (1.26%)
FCCL 47.10 Increased By ▲ 0.92 (1.99%)
FFL 16.33 Increased By ▲ 0.67 (4.28%)
FLYNG 28.40 Increased By ▲ 0.22 (0.78%)
HUBC 145.15 Increased By ▲ 2.38 (1.67%)
HUMNL 13.08 Decreased By ▼ -0.16 (-1.21%)
KEL 4.49 Decreased By ▼ -0.04 (-0.88%)
KOSM 5.68 Decreased By ▼ -0.11 (-1.9%)
MLCF 70.49 Increased By ▲ 4.98 (7.6%)
OGDC 212.25 Decreased By ▼ -0.63 (-0.3%)
PACE 6.05 No Change ▼ 0.00 (0%)
PAEL 47.42 Increased By ▲ 0.82 (1.76%)
PIAHCLA 18.00 Decreased By ▼ -0.17 (-0.94%)
PIBTL 10.59 Decreased By ▼ -0.02 (-0.19%)
POWER 13.54 Increased By ▲ 1.23 (9.99%)
PPL 170.70 Decreased By ▼ -0.20 (-0.12%)
PRL 34.30 Increased By ▲ 0.03 (0.09%)
PTC 22.82 Decreased By ▼ -0.04 (-0.17%)
SEARL 95.89 Increased By ▲ 0.94 (0.99%)
SSGC 43.20 Increased By ▲ 0.73 (1.72%)
SYM 14.19 No Change ▼ 0.00 (0%)
TELE 7.25 Increased By ▲ 0.04 (0.55%)
TPLP 9.92 Increased By ▲ 0.01 (0.1%)
TRG 65.46 Decreased By ▼ -0.09 (-0.14%)
WAVESAPP 9.89 Increased By ▲ 0.04 (0.41%)
WTL 1.34 Increased By ▲ 0.02 (1.52%)
YOUW 3.78 Increased By ▲ 0.02 (0.53%)
AIRLINK 180.00 Decreased By ▼ -1.39 (-0.77%)
BOP 11.46 Increased By ▲ 0.29 (2.6%)
CNERGY 8.71 Increased By ▲ 0.17 (1.99%)
CPHL 95.45 Increased By ▲ 1.19 (1.26%)
FCCL 47.10 Increased By ▲ 0.92 (1.99%)
FFL 16.33 Increased By ▲ 0.67 (4.28%)
FLYNG 28.40 Increased By ▲ 0.22 (0.78%)
HUBC 145.15 Increased By ▲ 2.38 (1.67%)
HUMNL 13.08 Decreased By ▼ -0.16 (-1.21%)
KEL 4.49 Decreased By ▼ -0.04 (-0.88%)
KOSM 5.68 Decreased By ▼ -0.11 (-1.9%)
MLCF 70.49 Increased By ▲ 4.98 (7.6%)
OGDC 212.25 Decreased By ▼ -0.63 (-0.3%)
PACE 6.05 No Change ▼ 0.00 (0%)
PAEL 47.42 Increased By ▲ 0.82 (1.76%)
PIAHCLA 18.00 Decreased By ▼ -0.17 (-0.94%)
PIBTL 10.59 Decreased By ▼ -0.02 (-0.19%)
POWER 13.54 Increased By ▲ 1.23 (9.99%)
PPL 170.70 Decreased By ▼ -0.20 (-0.12%)
PRL 34.30 Increased By ▲ 0.03 (0.09%)
PTC 22.82 Decreased By ▼ -0.04 (-0.17%)
SEARL 95.89 Increased By ▲ 0.94 (0.99%)
SSGC 43.20 Increased By ▲ 0.73 (1.72%)
SYM 14.19 No Change ▼ 0.00 (0%)
TELE 7.25 Increased By ▲ 0.04 (0.55%)
TPLP 9.92 Increased By ▲ 0.01 (0.1%)
TRG 65.46 Decreased By ▼ -0.09 (-0.14%)
WAVESAPP 9.89 Increased By ▲ 0.04 (0.41%)
WTL 1.34 Increased By ▲ 0.02 (1.52%)
YOUW 3.78 Increased By ▲ 0.02 (0.53%)
BR100 12,690 Increased By 101.9 (0.81%)
BR30 38,347 Increased By 468 (1.24%)
KSE100 118,234 Increased By 918.4 (0.78%)
KSE30 36,346 Increased By 229.4 (0.64%)

The commercial start-up of the first of four nuclear reactors that South Korea's KEPCO is building in United Arab Emirates is set to be delayed because the local operating company is not ready to run the reactors, a nuclear industry source said.
Barakah is one of the world's few major nuclear newbuild contracts, which Korea Electric Power Corporation (KEPCO) won in 2009, beating a rival consortium led by more established French reactor maker Areva. Since then, the four reactors have been built on time and on schedule, a rare feat in a nuclear industry plagued by cost overruns and multi-year delays, with the first of the four on scheduled to be completed this month.
But a source familiar with the situation said that Nawah - the joint venture between the Emirates Nuclear Energy Corporation (ENEC) and KEPCO that will operate the plant - is struggling to get an operating licence, which could delay the start-up of the first plant by several months, possibly to the end of this year.
When the deal was negotiated in 2008-09, the APR1400 reactor model that KEPCO offered in Abu Dhabi existed on paper, but the first model of the new series was set to go online at South Korea's Shin Kori nuclear station in 2013, well ahead of the planned startup of the Barakah station in UAE in 2017. This would have given Nawah a few years to monitor the Korean plant, start training staff and getting a licence. But construction of Shin Kori No 3 reactor was delayed three years due to a safety scandal in late 2012, and the reactor only became operational in December 2016.
A source with direct knowledge of the situation told Reuters that because of the delay on Shin Kori No 3, UAE nuclear regulator FANR was not ready to give Nawah its operating licence and wanted to postpone this "regardless of the construction schedule." "It's like you have ordered 100 cars to start a taxi company and all of them were delivered to you but the problem is you are not fully ready just because your drivers-to-be and engineers don't have a licence to operate and maintain," the source said. Low oil prices are also making the start-up of the plant less urgent from the UAE perspective, the source added. ENEC and Nawah did not respond to several requests for comment. KEPCO declined to comment.

Comments

Comments are closed.