By Geert De Clercq
PARIS, Nov 2 (Reuters) – State-owned Russian nuclear group Rosatom has despatched preliminary proposals to Saudi Arabia for nuclear energy era and would bid if a young was introduced, the corporate stated on Thursday.
Saudi Arabia has despatched a “request for information” to distributors to construct two nuclear reactors in a primary step in the direction of a proper tender, sources advised Reuters this week.
Saudi Arabia is contemplating constructing 17.6 gigawatts (GW) of nuclear capability by 2032, the equal of about 17 reactors, making it one of many largest prospects for an business struggling after the 2011 nuclear catastrophe in Japan.
Saudi Arabia – the world’s largest exporter of oil – needs to cut back the quantity of crude it burns at residence to generate electrical energy so it will possibly promote extra of it abroad.
After Russian Energy Minister Alexander Novak met Saudi King Salman in Riyadh to debate world oil costs on Thursday, the Russian Energy Ministry’s Twitter feed quoted Novak saying that “cooperation on the peaceful atom could be key”.
Rosatom stated in September it was “ready to build 16 nuclear power plants in Saudi Arabia” at a price of $100 billion beneath a 2015 intergovernmental settlement (IGA) with the nation.
Rosatom has IGAs with dozens of nations and many don’t result in contracts, however following the monetary troubles of French Areva and Toshiba-owned Westinghouse, it has change into a dominant participant within the world nuclear business.
Rosatom has constructed reactors in a number of former Soviet nations in addition to in China and India. It additionally has contracts to construct reactors in Finland, Turkey, Argentina, Bangladesh and different nations.
Industry sources have advised Reuters that Saudi Arabia has reached out to distributors from South Korea, China, France, Russia, Japan and the United States for its first two reactors.
An govt at Korea Hydro & Nuclear Power Co (KHNP) advised Reuters on Tuesday that South Korean companies would bid as a bunch for the Saudi nuclear undertaking.
A consortium led by Korea Electric Power Corporation (KEPCO) is constructing 4 reactors within the United Arab Emirates, with the primary because of begin in 2018, making the UAE the primary Gulf Arab state to make use of nuclear energy.
French EDF stated final month it was in talks with Saudi Arabia about supplying reactors. Other potential distributors are Westinghouse and China’s CGN.