Saudi Arabia seeking bids for nuclear power project

Riyadh plans to concern a multi-billion greenback tender subsequent yr to assemble its first two nuclear power reactors, sources informed Reuters, including that the dominion is discussing the project with the US and different potential suppliers.

The world’s high oil exporter desires to diversify its power combine so it might unencumber extra crude for export. However, the plans are going through the scrutiny of Washington resulting from fears of potential navy makes use of for the know-how.

Riyadh says its plans are peaceable because it goals to mine for uranium. However, Crown Prince Mohammed bin Salman stated final yr the dominion would develop nuclear arms if Iran did. He informed CBS then: ”Saudi Arabia doesn’t wish to purchase any nuclear bomb, however certainly if Iran developed a nuclear bomb, we are going to observe go well with as quickly as attainable.”

US, Russian, South Korean, Chinese and French companies are at present in talks with Riyadh to provide reactors.

“Saudi Arabia is continuing to make very deliberate steps forward although at a slower pace than originally expected,” stated one of many sources aware of the plans.

Saudi officers beforehand stated they aimed to pick out a vendor in late 2018, which then slipped to 2019. The tender will now be issued in 2020, the sources stated.

Read More Here