The power purchase agreement between Barakah One PJSC, an independent and jointly owned subsidiary of Enec and the Korea Electric Power Corporation (Kepco), and ADWEC was signed at a ceremony in Abu Dhabi. It establishes the contractual framework between the entities for the electricity produced at Barakah over the next 60 years.
Enec chairman Khaldoon Al Mubarak said agreement was “pivotal” for the UAE’s energy sector. “[T]oday is another major step towards diversifying the UAE’s energy mix and making the nation more energy secure and environmentally sustainable,” he said. Continue Reading.