Companies to bid together for nuclear and solar schemes in Saudi Arabia
France’s Areva is set to sign a partnership agreement with Saudi Binladin Group for nuclear and solar energy.
“We think that on solar thermal in Saudi Arabia there’s an important market and we are partnering with Saudi Binladin Group to develop this,” Anne Lauvergeon, chief executive, Areva said in a report by Reuters.
Saudi Arabia wants to cut domestic oil consumption within the next several decades as it diversifies its energy mix, including nuclear, Hashim Yamani, president of the King Abdullah City for Atomic and Renewables Energy.
“You want to have an energy mix to save oil, and this oil we can leverage prices so we can sell it abroad to build these facilities,” Yamani said.
“Nuclear would be adequate for the base load, we’ll use renewables to add more capacity, there are some variations – gas and oil will have to continue to help,” he said.
Saudi Arabia plans to build a landmark scientific centre for nuclear and renewable power, King Abdullah City of Atomic and Renewable Energy.
The facility will investigate the application of nuclear power together with renewable energy to be used in the kingdom to meet rising electricity demand. Several large projects will be included in the scheme.
You might also like...
Hassan Allam and Siemens confirm Hafeet Rail award
24 April 2024
UAE builds its downstream and chemical sectors
24 April 2024
Acwa Power eyes selective asset sales
24 April 2024
Bahrain mall to install solar carport
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.