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Saudi Arabia turn to nuclear power

in ENERGY/MIDLE EAST by

In the perspective of diversifying its energy supply, Saudi Arabia turns to nuclear power. The world’s top oil exporter wants nuclear power to eventually enable the kingdom to export more crude rather than burning it to generate electricity. It plans to build 17.6 gigawatts of nuclear capacity by 2032, the equivalent of around 16 reactors, surprisingly making it one of the biggest prospects for an industry struggling after the 2011 nuclear disaster in Japan. By the month of April or May, Saudi Arabia plans to prequalify for bidding firms from two to three countries for the first nuclear plans. A joint venture between the Saudi government and the winning developers would be signed in 2019, after the shortlisting by the end of 2018. Commissioning of the first plant, which will have two reactors, is expected in 2027.

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