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.
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Exelon Generation will be using their operational experience to assist Rolls Royce in the development and deployment of the UKSMR.
Rolls-Royce is leading a consortium that is designing a low-cost factory built nuclear power station, known as a small modular reactor (SMR). Its standardised, factory-made components and advanced manufacturing processes push costs down, while the rapid assembly of the modules and components inside a weatherproof canopy on the power station site…
