The Abu Dhabi Holding Company (ADQ) has announced the addition of the Emirates Nuclear Energy Corporation to its utility business portfolio.

According to the Emirates News Agency, this came according to a decree issued by the Executive Council of the Emirate of Abu Dhabi, through which the full ownership of the Corporation’s shares is transferred from the Abu Dhabi government to the Holding / ADQ / , Provided that this decision is implemented immediately after its issuance.

His Excellency Mohammed Hassan Al Suwaidi, CEO of Holding / ADQ / said: We welcome the Emirates Nuclear Energy Corporation joining our business portfolio, which includes many of the most ambitious and successful companies. In the emirate of Abu Dhabi. We work closely with our utility sector companies, which also include the Abu Dhabi National Energy Company / Energy /, Abu Dhabi Sewerage Services Company, and the Emirates Water and Electricity Company, to develop a strong national infrastructure, as it is vitally important in supporting the growth of many Other economic sectors. .

For his part, His Excellency Mohammed Ibrahim Al Hammadi, CEO of the Emirates Nuclear Energy Corporation, said: We are pleased to join the holding / ADQ / as part of our commitment to promoting long-term economic diversification in The Emirate of Abu Dhabi. We also want to confirm our commitment to the mission of generating this new type of electricity free of carbon emissions, with the aim of strengthening the energy sector in the UAE and achieving its sustainability. With the recent start of operations of the Barakah peaceful nuclear power plants, we are working to provide clean electricity to the country, according to the highest standards of safety and efficiency, by working with our various partners and local stakeholders ..

For his part, Khalifa Sultan Al-Suwaidi, head of investment portfolios at the Holding / ADQ /, said: Nuclear energy plays an important role in the future of our country.

We look forward to working side by side with the Emirates Nuclear Energy Corporation as it continues to build its ambitious program to generate peaceful energy by applying the highest international safety and quality standards. The corporation’s provision of clean electricity produced from nuclear energy is one of the factors that support the diversification of power generation sources, and ensure the reliability of the electricity network throughout the UAE ..

The Emirates Nuclear Energy Corporation joins the holding / ADQ / strategic portfolio in the utility sector, which also includes Abu Dhabi National Energy Company PJSC / Energy / , Abu Dhabi Sewerage Services Company, and Emirates Water and Electricity Company.

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