Monday, June 2, 2008

Thorium to advise UAE on nuclear plans

Thorium Power said on Tuesday it would advise the UAE government on the development of its domestic nuclear energy program under two contracts worth a total of $8.1 million.

The US-based nuclear energy firm publicly acknowledged two previously announced agreements following the launch in April of the UAE policy on its nuclear energy programme.
Under a $3.8 million contract, Thorium will assist in the development of a roadmap report with recommendations related to the possible establishment of a civil nuclear energy programme in the Gulf state.

In a second deal with professional fees of $4.3 million, the company is consulting in the development of timelines, organisational structure and priorities for the establishment of a Nuclear Energy Programme Implementation Organisation (NEPIO), and an independent federal Nuclear Regulatory Authority (NRA).
 
 

Posted by Peacedream

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