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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

3/8/2015 by mdc
Saudi Arabia intends to become a leader in renewable energy by building 16 nuclear reactors with a combined capacity of 22 GW, which is about half of their current electricity output. The project is estimated to cost of more than 100 billion dollars.

Abdul Ghani bin Melaibari, coordinator of scientific collaboration at King Abdullah City for Atomic and Renewable Energy, confirmed the plan, adding that the first two reactors would be ready within 10 years. However, he pointed out the cost building nuclear reactors in the Kingdom would be comparatively high because of its extreme hot climate. He also stressed the need to train Saudis to operate and maintain such plants.
Melaibari said the cost of building and operating nuclear plants in France, Russia, South Korea and Japan differs from one country to another, depending on the technology they adopt, infrastructure facilities in place and the availability of cheap manpower.

Saudi Arabia and its Gulf neighbors regard nuclear power as a way to meet rising electricity demand while reducing reliance on polluting fossil fuels, say analysts.
After 10 years we will have the first two reactors, Melaibari told Arab News. After that, every year we will establish two more, until we have 16 by 2030. We would like to cover 20 percent of electricity needs using nuclear energy. He estimated the cost of each reactor to be around 7 billion dollars, adding that the Kingdom is in the process of concluding deals with specialized companies to begin to implement the project.

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