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"South Korea, which won its first overseas order to build a nuclear power plant in December, aims to secure $400 billion of contracts by 2030 as demand for atomic energy increases. The nation plans to get orders to build 80 nuclear plants by then and control 20 percent of the global market share, the Ministry of Knowledge Economy said in an e-mailed statement today. South Korea will become the world's third-largest nuclear plant exporter, according to the ministry. State-run Korea Electric Power Corp. led a group that beat Areva SA, the world's biggest nuclear power plant builder, and General Electric Co. in winning an order from the United Arab Emirates, the first awarded by a Gulf Arab nation. France, the U.S., Canada, Japan and Russia are currently the biggest exporters of atomic generators. "

The United Arab Emirates, which plans to award the Persian Gulf's first nuclear power contracts this year, may start a regional arms race as its neighbors seek similar technology, according to a Chatham House report. "Risks from nuclear proliferation cannot be eliminated entirely" from the U.A.E.'s program, Ian Jackson wrote in "Nuclear Energy and Proliferation Risks: Myths and Realities in the Persian Gulf," published today. "It is possible that the genuine desire of Gulf states to engage in civil peaceful nuclear power could possibly tip the region into a nuclear arms race, especially if state intentions are misunderstood." The U.A.E., the fourth-biggest OPEC producer, is turning to nuclear power because it doesn't produce enough natural gas to meet demand. The government has an atomic-energy agreement with the U.S., a necessary step to awarding construction contracts, and will prohibit the enrichment of uranium on U.A.E. soil. A French group including Areva SA and Electricite de France SA is competing for U.A.E. power-plant contracts against groups led by General Electric Co. and Korea Electric Power Corp.

The United Arab Emirates, which plans to award the Persian Gulf's first nuclear power contracts this year, may start a regional arms race as its neighbors seek similar technology, according to a Chatham House report. "Risks from nuclear proliferation cannot be eliminated entirely" from the U.A.E.'s program, Ian Jackson wrote in "Nuclear Energy and Proliferation Risks: Myths and Realities in the Persian Gulf," published today. "It is possible that the genuine desire of Gulf states to engage in civil peaceful nuclear power could possibly tip the region into a nuclear arms race, especially if state intentions are misunderstood." The U.A.E., the fourth-biggest OPEC producer, is turning to nuclear power because it doesn't produce enough natural gas to meet demand. The government has an atomic-energy agreement with the U.S., a necessary step to awarding construction contracts, and will prohibit the enrichment of uranium on U.A.E. soil. A French group including Areva SA and Electricite de France SA is competing for U.A.E. power-plant contracts against groups led by General Electric Co. and Korea Electric Power Corp.

A French attempt to win a 41-billion-dollar (27.2-billion-euro) contract to build nuclear power stations in the Emirates is at risk over pricing, the La Tribune newspaper reported on Wednesday. The newspaper reported that the top official at the presidential Elysee Palace, Claude Geant, had held a meeting with the heads of big French companies concerned on Tuesday to discuss a further reduction in the price which the government in Abu Dhabi considered too high. Present at the meeting were the head of French nuclear power group Areva, Anne Lauvergeon, the head of GDF Suez, Gerard Mestrallet, Christophe de Margerie who leads oil group Total and Henri Proglio of the electricity group EDF, the report said.

A French attempt to win a 41-billion-dollar (27.2-billion-euro) contract to build nuclear power stations in the Emirates is at risk over pricing, the La Tribune newspaper reported on Wednesday. The newspaper reported that the top official at the presidential Elysee Palace, Claude Geant, had held a meeting with the heads of big French companies concerned on Tuesday to discuss a further reduction in the price which the government in Abu Dhabi considered too high. Present at the meeting were the head of French nuclear power group Areva, Anne Lauvergeon, the head of GDF Suez, Gerard Mestrallet, Christophe de Margerie who leads oil group Total and Henri Proglio of the electricity group EDF, the report said.