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2018-09-03 14:45:00

SAUDI ARABIA'S NUCLEAR

SAUDI ARABIA'S NUCLEAR

IAEA - An International Atomic Energy Agency (IAEA) team of experts has concluded a twelve-day mission to the Kingdom of Saudi Arabia to review its development of infrastructure for a nuclear power programme. The Integrated Nuclear Infrastructure Review (INIR), which ended on 24 July, was carried out at the invitation of the Government of Saudi Arabia.

Saudi Arabia, a country of more than 33 million people and a leading global producer of crude oil, is seeking to diversify and increase its power production capacity for continued economic growth and development. Last year, the Government launched a project to request proposals from vendors for the construction of two nuclear power reactors after announcing its intention to add nuclear power to the country's energy mix.

The INIR mission reviewed the status of nuclear infrastructure development using the Phase 2 criteria of the IAEA's Milestones Approach, which provides detailed guidance across three phases (consider, prepare, construct) of development. The end of Phase 2 marks the readiness of a country to invite bids or negotiate a contract for its first nuclear power plant. The INIR team was hosted by the King Abdullah City for Atomic and Renewable Energy (K.A.CARE), which is the country's Nuclear Energy Programme Implementing Organization.

"The INIR mission was conducted in a cooperative and open atmosphere" said team leader Jose Bastos, Technical Lead of the IAEA's Nuclear Infrastructure Development Section. "Saudi Arabia is well placed to finalize its plans for construction of its first nuclear power plant."

The INIR team said that Saudi Arabia has made significant progress in the development of its nuclear power infrastructure. It has established a legislative framework and is carrying out comprehensive studies to support the next steps of the programme. Saudi Arabia has developed partnerships with countries experienced in the use of nuclear power and is extensively using their technical support.

The team comprised experts from Brazil, Spain and the United Kingdom as well as IAEA staff. It reviewed the status of 19 nuclear power programme infrastructure issues using the IAEA Nuclear Energy Series Evaluation of the Status of National Infrastructure Development. Prior to the mission, Saudi Arabia submitted a Self-Evaluation Report covering all infrastructure issues as well as supporting documents to the IAEA.

The team made recommendations and suggestions where further action would benefit Saudi Arabia, including: coordination and development of outstanding nuclear-related policies and strategies, finalization of the readiness of key organizations and completion of studies to prepare for future stages of the nuclear power programme.

The team also identified good practices that would benefit other countries considering the introduction of nuclear power in the areas of national position, management, regulatory framework, siting and human resource development.

Dr Khalid Al Sultan, President of K.A.CARE, welcomed the outcome of the INIR mission.

"The vision of Saudi Arabia 2030 considers nuclear energy as an important source to support stability and sustainable growth," he said. "Deployment of nuclear energy aims for peaceful purposes, in a safe, secure and sustainable manner consistent with highest standards and best practices. The Kingdom of Saudi Arabia has requested the INIR mission to support this goal. It was a valuable tool to pinpoint areas of improvement and ensure that the required infrastructures are in place before signing the contract for building the first nuclear power plant in the Kingdom of Saudi Arabia."

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Earlier:

SAUDIS NUCLEAR PROGRAMME
2018, August, 1, 09:10:00

SAUDIS NUCLEAR PROGRAMME

WNN - "The vision of Saudi Arabia 2030 considers nuclear energy as an important source to support stability and sustainable growth," Al Sultan said. "Deployment of nuclear energy aims for peaceful purposes, in a safe, secure and sustainable manner consistent with highest standards and best practices. The Kingdom of Saudi Arabia has requested the INIR mission to support this goal. It was a valuable tool to pinpoint areas of improvement and ensure that the required infrastructures are in place before signing the contract for building the first nuclear power plant in the Kingdom of Saudi Arabia."

 
 SAUDI ARABIA'S PROGRESS
2018, July, 25, 09:20:00

SAUDI ARABIA'S PROGRESS

IMF - Real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up further over the medium-term as the reforms take hold and oil output increases. Risks are balanced in the near-term. The employment of Saudi nationals has increased, especially for women, but the unemployment rate among Saudi nationals rose to 12.8 percent in 2017.

 

 ARABIAN INVESTMENT FOR INDIA: $44 BLN
2018, June, 27, 10:45:00

ARABIAN INVESTMENT FOR INDIA: $44 BLN

AOG - Sheikh Abdullah said: “This agreement strengthens the already close ties between the UAE and the Kingdom of Saudi Arabia and between the UAE and India. The UAE is unwavering in its commitment to its strategic multi-lateral relationships with both Saudi Arabia and India, as well as being a reliable partner in India’s energy security. We look forward to exploring further opportunities to expand our energy partnerships and to collaborating on new, broader, opportunities that will further strengthen and deepen the long-standing economic links between our three countries.”

 

 SAUDIS DEFICIT $9.15 BLN
2018, May, 8, 10:45:00

SAUDIS DEFICIT $9.15 BLN

REUTERS - Saudi Arabia’s first quarter budget deficit stood at 34.3 billion Saudi riyals ($9.15 billion), around 18 percent of the total gap forecast for 2018, the finance ministry said

 

 SAUDIS SOLAR INVESTMENT $200 BLN
2018, March, 28, 10:30:00

SAUDIS SOLAR INVESTMENT $200 BLN

REUTERS - The final investment total for the 200 GW of generation, including the solar panels, battery storage and a manufacturing facility for panels in Saudi Arabia, will eventually total around $200 billion, Son said.

 

 SAUDIS NUCLEAR POWER
2018, March, 21, 12:20:00

SAUDIS NUCLEAR POWER

BLOOMBERG - The Saudis see atomic energy as a way to ease their dependence on finite fossil fuels. But they are also driven by competition with their rival Iran, which has multiple nuclear facilities.

 

 

 SAUDIS NUCLEAR POWER - 2017
2018, January, 29, 08:10:00

SAUDIS NUCLEAR POWER - 2017

WNA - Saudi Arabia plans to construct 16 nuclear power reactors over the next 20-25 years at a cost of more than $80 billion. It projects 17 GWe of nuclear capacity by 2040 to provide 15% of the power then, along with over 40 GWe of solar capacity. There are also plans for small reactors for deslination.

Tags: SAUDI, ARABIA, NUCLEAR, IAEA