Saudi Arabia to Select Nuclear Power-Plant Site ‘Very Soon’

21 Oct 2016   Nuclear, Saudi Arabia

Saudis to announce “concrete plans” for nuclear within a year Neighbor U.A.E. signs reactor deal with Korea Electric Power Saudi Arabia will soon choose a site for its first nuclear power plant as the world’s biggest crude exporter seeks to diversify its sources of energy. “We will be selecting sites very soon that we will reserve for our first nuclear energy power plant,” Khalid Al-Falih, the country’s energy minister, said Wednesday at the Oil and Money conference in London. “We hope within the next 12 months that we will be announcing concrete plans.” The government wants to make sure all “regulatory steps” are taken beforehand, he said. Wind and solar power will also play a “very significant part” of Saudi Arabia’s energy mix, Al-Falih said. Saudi Arabia, which laid out its ambitions for diversifying energy supplies in 2012, is trying to reduce the economy’s dependence on hydrocarbons as low […]

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