U.A.E. Nuclear Program Gets $2 Billion Loan from U.S. Exim Bank
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Emirates Nuclear Energy Corp., the state-owned company developing an atomic power plant in the United Arab Emirates, received a $2 billion loan from the U.S. Export-Import Bank.
The loan to the Barakah One Co., a unit of Emirates Nuclear, will pay for American products and services used in the construction of four 1,400 megawatt reactors, according to a statement from the government-run bank. Westinghouse Electric Corp., based in Pittsburgh, will supply some of the equipment for the facilities, the bank said.