Nasser Al Nasseri
Chief Executive Officer
Barakah One Company, United Arab Emirates
Nasser Al Nasseri is the Chief Executive Officer of Barakah One Company, the United Arab Emirates-based joint venture subsidiary of the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO).
As CEO of Barakah One Company, Al Nasseri oversees all commercial and financial aspects of the Barakah Nuclear Energy Plant project. With Unit 1 of the plant operating commercially and generating clean electricity 24/7, Barakah One Company sells the electricity generated in accordance with the Power Purchase Agreement, signed with Abu Dhabi’s utility company in 2016. It ensures that the revenue generated is utilized efficiently for the safe and reliable operation of the Barakah Plant, and for the repayment of the project’s lenders. He played an instrumental role in the negotiations for the PPA as well as the financial close for the Barakah Nuclear Energy Plant project, successfully concluded in 2016.
Al Nasseri has led the establishment of Barakah’s project structure for excellence in financing, demonstrating efficiency and responsibility to stakeholders and delivering a cost- and performance-efficient program while not compromising on safety. He plays an important role in the governance structure of the UAE Peaceful Nuclear Energy Program, implementing a robust project financing framework and demonstrating the commercial viability of nuclear energy plant projects globally.
In addition, Al Nasseri is the Chief Financial Officer of ENEC, the government entity responsible for developing the UAE Peaceful Nuclear Energy Program.
Al Nasseri previously held roles at Zakum Development Company (ZADCO) and Abu Dhabi Investment Authority (ADIA).
Al Nasseri holds a Bachelor of Science in Business Administration majoring in Finance from the University of Arizona.