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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Solar Now ‘cheaper Than Grid Electricity’ In Every Chinese City, Study Finds
BEIJING - Solar power has become cheaper than grid electricity across China, a development that could boost the prospects of industrial and commercial solar, according to a new study.
Projects in every city analysed by the researchers could be built today without subsidy, at lower prices than those supplied by the grid, and around a fifth could also compete with the nation’s coal electricity prices.
They say grid parity – the “tipping point” at which solar generation costs the same as electricity from the grid – represents a key stage in the expansion of renewable energy sources.
While previous studies of nations such…
