Deals

Abu Dhabi’s ENEC Eyes Investment in Nuclear Specialist Newcleo

Barakah nuclear power plant in Abu Dhabi.
Photographer: Arun Girija/Emirates News Agency/AP Photo

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By Alberto Brambilla

February 24, 2025 at 4:27 PM UTC

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Abu Dhabi’s state-run atomic power company is set to invest in French-Italian operator Newcleo after signing an accord during a visit to Rome by the United Arab Emirates’ president.

Emirates Nuclear Energy Co., or ENEC, will explore a direct investment via private funding, as well as a co-investment plan for Newcleo’s lead-cooled fast reactor projects in Europe, people familiar with the matter said.