Nuclear energy good for Gulf, Saudis say

subscribe

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

ontario logo

Canadian Manufacturers and Exporters Congratulates the Ontario Government for Taking Steps to Reduce Electricity Prices

TORONTO - Manufacturers welcome the Government of Ontario's decision to defer a portion of Global Adjustment (GA) charges for industrial and commercial electricity consumers that do not participate in the Regulated Price Plan.

"Manufacturers are pleased the government listened to Canadian Manufacturers & Exporters (CME) member recommendations and is taking action to reduce Ontario electricity bills immediately," said Dennis Darby, President & CEO of CME.

"The majority of manufacturers have identified cash flow as their top concern during the crisis, "added Darby. "The GA system would have caused a nearly $2 billion cost surge to Ontario manufacturers this year. This new initiative…

READ MORE
Ontario rolls out ultra-low electricity rates

Ontario rolls out ultra-low electricity rates

READ MORE

doe logo

US Dept. of Energy awards Washington state $23.4 million to strengthen infrastructure

READ MORE

israel power plant

Will Israeli power supply competition bring cheaper electricity?

READ MORE

Chief Peter Collins, Fort William First Nation

Ontario First Nations urge government to intervene in 'urgently needed' electricity line

READ MORE