UAE's Barakah Nuclear Plant Doubles Clean Electricity Generation with Start of Commercial Operations at Unit 2

The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.
The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.
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UAE's Barakah Nuclear Plant Doubles Clean Electricity Generation with Start of Commercial Operations at Unit 2

The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.
The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.

The Emirates Nuclear Energy Corporation (ENEC) announced on Thursday the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant, reported the United Arab Emirates' state news agency (WAM).

Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatts and further securing energy supply and advancing the UAE's sustainability goals.

This new milestone takes ENEC and its subsidiaries to the halfway mark of delivering on its commitment to supply up a quarter of the country's electricity needs, reliably powering the economy by generating clean electricity 24/7 and significantly contributing to the UAE's Net-Zero by 2050 initiative.

With Unit 2 commercially operational, the Barakah Plant, the first multi-unit operating plant in the Arab world, is leading the largest decarbonization of any industry in the region, delivering thousands of megawatts of carbon-free electricity every single day.

Mohamed Ibrahim Al Hammadi, Managing Director and CEO of ENEC, said: "The Barakah Nuclear Energy Plant is a sustainable powerhouse for the UAE. The start of commercial operations at Unit 2 doubles the Barakah Plant's generation of emissions-free electricity, enabling rapid decarbonization of the UAE's power sector in pursuit of Net Zero 2050."

"With Unit 2 reaching commercial operations less than 12 months after Unit 1, we have demonstrated the UAE's megaproject capabilities, building institutional knowledge to enhance delivery to the highest standards and offer a successful case study for other nations looking to diversify their energy portfolio using a proven and sustainable technology."

While increasingly supporting the country's strategy to diversify energy sources in a shift towards cleaner energy, ENEC is also spearheading the UAE Net-Zero by 2050 Strategic Initiative by preventing millions of tons of carbon emissions and helping to tackle climate change and deliver climate solutions.

When its four units are commercially operating, the Barakah Plant will produce up to 25 percent of the UAE's electricity needs and prevent about 22.4 million tons of carbon emissions annually, equivalent to the emissions of 4.8 million cars. The Barakah Plant significantly boosts the UAE's energy security through domestic clean electricity generation.

By 2025, the plant will generate more than 85 percent of Abu Dhabi's clean electricity, making it the biggest contributor to reducing Abu Dhabi's carbon emissions by 50 percent by the middle of the decade.

Nasser Al Nasseri, the CEO of Barakah One Company, ENEC's subsidiary in charge of representing the financial and commercial interests of the Barakah Plant project, said: "Today is an integral day for the delivery of the Barakah Nuclear Energy Plant project with the commercial operations of Unit 2, we are now selling double the volume of electricity to the Emirates Water and Electricity Company (EWEC) per the Power Purchase Agreement signed in 2016."

"We are committed to efficient and reliable power generation to ensure homes, businesses and industry across the UAE have continuous access to clean baseload electricity and will do so for the coming 60 years ahead. The sale of electricity further supports Abu Dhabi's Clean Energy Certification program, allowing more businesses to demonstrate the sustainability credentials and stimulating the growth of our Net Zero economy."

The commercial operations of Unit 2 were completed with the continuous support of EWEC and the Abu Dhabi Transmission and Dispatch Company (TRANSCO). EWEC and TRANSCO's support in maintaining a world-class electric grid infrastructure is critical for the reliable distribution of electricity from the Barakah Plant. They ensured that the clean electricity generated at Barakah is delivered to consumers across the UAE safely and sustainably.

Ali Al Hammadi, CEO of Nawah Energy Company, ENEC's subsidiary mandated to operate and maintain the Barakah Plant, commented: "The start of Unit 2 commercial operations comes as a result of the world-class operating experience of our teams made up of UAE nationals and international experts. Over the years, they have the skills and expertise in the nuclear industry to safely provide constant, reliable and sustainable clean electricity around the clock from two identical units operating in parallel."

"We are committed to operating the plant in line with the UAE's robust regulations and international best practice on our ongoing journey to operating excellence."

Unit 2 joins Unit 1, which kicked off commercial operation in April 2021. Units 3 and 4 are in the final stages of commissioning, with Unit 3 construction already complete and now undergoing operational readiness preparations and Unit 4 is in the final stages of construction completion. The development of the Barakah Plant is now more than 96 percent complete, having steadily progressed since construction started in 2012.

The Barakah Nuclear Energy Plant, located in the Al Dhafra Region of the Emirate of Abu Dhabi, is one of the largest nuclear energy plants in the world, with four APR-1400 units. While delivering on its clean energy vision through the peaceful nuclear program, ENEC also provides talented UAE youth with the skills, capabilities and experience necessary to become the future leaders of the nation's growing peaceful nuclear energy sector.



Gold Eases as Inflation Jitters, Iran War Cloud US Rate Outlook

AFP: A photo shows gold bangles and necklaces for sale at a gold shop at the Grand Baazar in Istanbul
AFP: A photo shows gold bangles and necklaces for sale at a gold shop at the Grand Baazar in Istanbul
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Gold Eases as Inflation Jitters, Iran War Cloud US Rate Outlook

AFP: A photo shows gold bangles and necklaces for sale at a gold shop at the Grand Baazar in Istanbul
AFP: A photo shows gold bangles and necklaces for sale at a gold shop at the Grand Baazar in Istanbul

Gold prices nudged lower in thin trade on Monday, weighed down by inflation worries that clouded the US monetary policy outlook, while markets awaited developments in US-Iran peace negotiations.

Spot gold was down 0.5% at $4,588.71 per ounce, as of 0655 GMT. US gold futures for June delivery fell 0.9% to $4,600.60.

Markets in China, Japan and the UK are closed for holidays.

Federal Reserve Chair Jerome Powell closed out eight years as head of the US central bank last Wednesday with interest rates on hold and rising concern about inflation, Reuters reported.

"Gold is still feeling the lingering effects of last week's hawkish Fed messaging, particularly the notable dissenting voices pushing back against further easing," said Tim Waterer, chief market analyst at KCM Trade.

Federal Reserve officials, who dissented against the policy statement last week, said the oil price shock from the Iran war means the US Fed should be clear it can no longer lean towards interest rate cuts, with a rise in borrowing costs possible in the future.

Increasing oil prices could encourage central banks to hold interest rates higher for longer, which would pressure non-yielding assets such as gold.

Oil prices eased but held above $100 a barrel, with the lack of clarity around a potential US-Iran peace deal remaining in focus.

President Donald Trump said the United States would start helping to free ships stranded in the Gulf by the US-Israeli war on Iran from Monday, as a tanker reported being hit by unknown projectiles in the Strait of Hormuz.

Iranian state media reported that Washington conveyed its response to Iran's 14-point proposal via Pakistan, and that Tehran was now reviewing it.

"We see gold largely trading in a $4,400-$5,500 range by year-end. The upper end of that range would require a durable reduction in Middle East tensions and some easing of inflation pressures, while persistent high oil prices would keep the metal toward the lower half of the range," Waterer added.

Spot silver fell 0.6% to $74.91 per ounce, platinum held steady at $1,989, and palladium was down 0.4% at $1,519.78.


Global LNG Exports Fall to Two-Year Low

Maritime tracking data indicates that global LNG shipments decreased to 33 million tons last month (X)
Maritime tracking data indicates that global LNG shipments decreased to 33 million tons last month (X)
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Global LNG Exports Fall to Two-Year Low

Maritime tracking data indicates that global LNG shipments decreased to 33 million tons last month (X)
Maritime tracking data indicates that global LNG shipments decreased to 33 million tons last month (X)

Global exports of liquefied natural gas fell to the lowest in almost two years in April, as the war in the Middle East disrupted flows of the super-chilled fuel through the Strait of Hormuz, Bloomberg reported.

Shipments declined to about 33 million tons, the lowest level since May 2024, according to ship-tracking data compiled by Bloomberg.

The drop came after Qatar — the second-largest exporter last year — halted production following strikes on the world’s biggest plant by Iran in March, with the damage set to take years to repair.

Despite the ceasefire in the war with Iran, the Strait of Hormuz, through which about one-fifth of the world's oil and LNG supplies pass, remains closed. Since the start of the conflict, only one LNG tanker has transited the strait.

Nevertheless, lost volumes have been partially offset by new production elsewhere in the world. According to ship-tracking data compiled by Bloomberg, April shipments were down only 7 percent from the previous year, suggesting that increased output from suppliers, including the United States and Canada, has partially compensated for the reduced volumes from Qatar.

In the United States, the massive Golden Pass LNG terminal shipped its first cargo last month. Qatar also delivered some volumes to Kuwait, which can export them without transiting the Strait.


Turkish Inflation Jumps to 4.18% m/m in April, Exceeding Forecasts

Passers-by walk at Galata bridge on a rainy spring day in Istanbul, Türkiye, Saturday, May 2, 2026. (AP)
Passers-by walk at Galata bridge on a rainy spring day in Istanbul, Türkiye, Saturday, May 2, 2026. (AP)
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Turkish Inflation Jumps to 4.18% m/m in April, Exceeding Forecasts

Passers-by walk at Galata bridge on a rainy spring day in Istanbul, Türkiye, Saturday, May 2, 2026. (AP)
Passers-by walk at Galata bridge on a rainy spring day in Istanbul, Türkiye, Saturday, May 2, 2026. (AP)

Turkish consumer price inflation surged to 4.18% month-on-month in April, while the annual figure climbed to 32.37%, data from the Turkish Statistical Institute showed on Monday, with both measures exceeding economists' forecasts.

In a Reuters poll, monthly inflation was forecast to be 3.28%, with the annual rate seen at 31.25%, as the Iran war drives ‌a sharp ‌rise in fuel prices and ‌expectations ⁠of a slower-than-anticipated disinflation ⁠trend.

The biggest monthly price rises in April were shown by the clothing and footwear sector, with 8.94% inflation, and the housing sector at 7.99%, while key transport sector prices were up 4.29% and ⁠food and drinks sector prices ‌were up 3.7%.

In ‌March, consumer price inflation dipped to 1.94% month-on-month, ‌while the annual figure fell to ‌30.87%, both figures below forecasts.

The data also showed the domestic producer index rose 3.17% month-on-month in April for an annual increase of 28.59%.

The ‌central bank flagged rising inflation risks in its monetary policy committee ⁠statement ⁠last month, when it kept main interest rates steady, saying it was closely monitoring fallout from the Iran war and potential second-round effects.

In February, Türkiye's central bank raised its year-end inflation forecast range by two percentage points to 15–21%, while keeping its interim 16% target unchanged, despite market doubts over whether the disinflation trend seen through much of 2025 remains on track.