Nuclear energy good for Gulf, Saudis say
SAUDI ARABIA - The Saudi Electricity Co. told industry colleagues at a recent conference that nuclear power is the best way for Gulf countries to meet energy demand.
"A giant Gulf reactor, at the best possible site, would be the most cost-effective option to generate power, as well as distribute it at a cheap rate," Bakr Hamza Khoshaim, SEC board member, said.
Khoshaim said the Gulf states should work together on generating nuclear power. Even if that happens, he said, it could be more than 10 years before energy is actually supplied.
"Given the high demand for power and the population growth in the region, the only immediate solution is nuclear energy," Khoshaim said.
Demand for reactors has increased and is only expected to continue to grow, according to Othman Sali, vice president for nuclear projects at French company Areva.
Related News
Site C mega dam billions over budget but will go ahead: B.C. premier
VANCOUVER - The cost to cancel a massive B.C. energy development project would be at least $10 billion, provincial officials revealed in an update on the future of Site C.
Thus the project will go ahead, Premier John Horgan and Energy Minister Bruce Ralston announced Friday, but with an increased budget and timeline.
Horgan and Ralston spoke at a news conference in Victoria about the findings of a status report into the hydroelectric dam project in northeastern B.C.
Peter Milburn, former deputy finance minister, finished the report earlier this year, but the findings were not initially made public.
$10B more than initial estimate
On…
