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Oil-rich UAE opens the Arab world's first nuclear power plant. Experts question why

From cnn.com

The United Arab Emirates has launched a nuclear energy plant on Saturday, the first such project in the oil-rich Arab world. Unit 1 of the Barakah plant in the Al Dhafrah region of Abu Dhabi started producing heat on Saturday, the Emirates Nuclear Energy Corporation said in a statement. Unit 1 is the first of the plant's four nuclear reactors to launch. The corporation said the construction of Unit 2 has finished recently, while the other two reactors are still being built -- even though the original schedule called for the plant to become operational by 2017. Once completed, the four reactors, which are using South ... (full story)

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  • Category: Fundamental Analysis