South Korea to construct nuclear plants in Saudi Arabia
The contract is estimated to cost around 63.3 billion South Korean won 205 million Saudi riyals.
In March 2015, KAERI signed an agreement with Saudi Arabia's King Abdullah City for Nuclear and Renewable Energy KA-CARE to assess the potential for building at least two South Korean SMART reactors in that country.
The kingdom has no industrial nuclear power plants, but has big plans for developing nuclear energy.
During the nuclear talks between Iran and P5+1 group of countries - the five permanent members of the UN Security Council plus Germany - in mid-2015, Saudi Arabia signed agreements with France, Russia and South Korea for the construction of nuclear facilities.
Related News
Energy groups warn Trump and Perry are rushing major change to electricity pricing
WASHINGTON - A coalition of 11 industry groups is pushing back on Energy Secretary Rick Perry's efforts to quickly implement a major change to the way electric power is priced in the United States.
The Energy Department on Friday proposed a rule that stands to bolster coal and nuclear power plants by forcing the regional markets that set electricity prices to compensate them for the reliability they provide. Perry asked the Federal Energy Regulatory Commission to consider and finalize the rule within 60 days, including a 45-day period during which stakeholders can issue comments.
On Monday, groups representing petroleum, natural gas, electric power and…
