Saudi- Argentina Signs Nuclear Energy Deal

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Saudi Arabia has signed a nuclear energy cooperation deal with nuclear desalination specialist Argentina, the Saudi government announced yesterday.

INVAP, Argentinas Atomic Energy Commission and technology firm has a simplified pressurized water reactor design aims at small scale electricity generation and water desalination projects; which are both of urgent needs for the oil rich Kingdom.

“Saudi Arabia is very pleased to have entered into a cooperation agreement with Argentina, a country that has exhibited continued leadership in the transfer of technology, the sharing of best practices, and the safe operation of atomic reactors,” said Hashim bin Abdullah Yamani, president of the King Abdullah City for Atomic and Renewable Energy.

“With Saudi Arabia’s local power demand expected to nearly triple in the next 20 years, it’s critical that the Kingdom use atomic and renewable energy technologies to meet this growing demand in a safe, sustainable and clean manner.”

Currently Saudi Arabia is struggling to keep up with a growing power demand, especially for energy intensive seawater desalination and is looking to build nuclear reactors to cut gas and oil burning in the power generation sector.

Sources: Arabian Business; The Daily Star; REUTERS

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