Barakah One Company, a unit of ENE, has been authorized by the US bank to underwrite the export of American equipment and service-expertise for the plant, which will have four 1,400MW power-generating units on a coastal strip along the Arabian Gulf about 220km from Abu Dhabi.
Korea Electric Power Corporation (KEPCO) will supply APR 1400 design reactors, while US-based Westinghouse Electric will provide the reactor coolant pumps, reactor components, controls, engineering services and training.
The reactors will online at one-year intervals effective 2017.
Westinghouse Electric president and COO Ric Perez said the company will ensure the effective implementation of the Barakah project and related loan.
"This work will create and sustain U.S. jobs in California, Connecticut, New Hampshire, Ohio, Pennsylvania, South Carolina, Texas and other states home to Westinghouse sub-suppliers," Perez added.
"Within Westinghouse alone, the Barakah project will allow us to maintain about 600 U.S. jobs. In addition, the Bank’s support will sustain hundreds of well-paying jobs at Westinghouse’s U.S. sub-suppliers and indirect jobs in the service industry."
US Ex-Im Bank chairman and president Fred P Hochberg said, "But in addition to bolstering American jobs, Ex-Im Bank will make history by backing the construction of the first nuclear power plant on the Arabian Peninsula."
