Safety Regulations for Investors in The Business of Nuclear Power

Introduction

This regulation provides essential guidelines for all stakeholders in the nuclear power industry. The regulation stipulates the essential requirements for the development of a nuclear power facility. The requirements act as a guidance that help policy makers in ensuring the nuclear facilities adhere to safety standards. Normally, nuclear facilities are sensitive areas that require due care in the operational, failure to ensure safety standards in the facilities may lead to dangers such as radioactive leakage that is harmful to both human beings and the environment. Using these regulations, stakeholders can ensure they enforce safety precautions.

The regulation is also useful in guiding foreign investors wishing to invest in the country’s nuclear energy. The regulation will help them understand all the requirements for acquiring licenses to set the nuclear facilities. Having enforced these regulations, investors will avoid legal battles with relevant government authorities. The regulation also provides the essential activities for stakeholders to undertake when a nuclear facility is not operational hence; allowing nuclear plant operators have immediate plans to safeguard the nuclear facility.

Since the occurrence of nuclear accidents in other nations such as Japan and Ukraine, many nations agreed to develop regulations that will guide the operation of nuclear plants to prevent future accidents. Therefore, this regulation shows the UAE’s commitment to enforcing international principles on the development of regulations that guide operation of nuclear facilities.

Finally, the regulations are useful in guiding owners/investors of the nuclear plants when designing safety policies for their workers. Therefore, these regulations are essential to the overall functioning of the nuclear facilities.

Impact of the regulation on ENEC

The Emirates Nuclear Energy Cooperation (ENEC) is the organization charged with the development of the nuclear energy industry in United Arab Emirates (UAE). Therefore, these regulations have a huge impact on the functioning of the ENEC. For instance, as the organization (ENEC) continues to develop the whole nuclear energy sector in the country, it will refer to the regulations to ensure all nuclear plants operate as required by law. Moreover, the regulations act as a blueprint for the design of all nuclear facilities in the country. The organization will use the regulations in enforcing all requirements starting from safety, layout, and operation of the nuclear power plants.

The nuclear energy sector in UAE is still at the infancy stage since energy production is yet to start. This means that both local and foreign investors can still invest in the sector. Before investing in the development of the nuclear facilities, the investors will have to obtain licenses from ENEC. However, ENEC will use the regulations in providing policy directions for the investors. ENEC will use the regulations to advice the private investors on how they can invest in the nuclear energy sector while ensuring they follow the UAE laws.

Safety is the core element to focus when developing a nuclear power facility. As seen from the regulations, nuclear plants should put enough measures to deal with radiation. They should invest in infrastructure that protects workers and, other people from radiation exposure. Protection from radiation exposure is essential for the policy formulators since radioactive radiation is dangerous to the health of the people as well as the environment. However, the regulation has provided a clear guidance on how operators and stakeholders should operate the nuclear power facilities.