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China marketing nuclear power to Saudi Arabia

Saudi Arabia signs cooperation deals with China on nuclear energy, Gulf News, 24 Aug 17 

Kingdom launched a renewable energy programme this year, and winning bid for first utility-scale solar project is due in November

Khobar, Saudi Arabia: Saudi Arabia and China are to cooperate on nuclear energy projects following discussions between the two countries this week on ways to support the kingdom’s nuclear energy programme, state news agency SPA reported.

Saudi Arabia has been for years trying to diversify its energy mix so that it can export more of its oil, rather than burning it at power and water desalination plants.

It launched a renewable energy programme this year with the announcement of the winning bid for its first utility-scale solar project due in November.

In addition to that programme, Riyadh is in the early stages of feasibility and design studies for its first two commercial nuclear reactors, which will total 2.8 gigawatts.

China’s leading state nuclear project developer China National Nuclear Corp (CNNC) has now signed a memorandum of understanding with the Saudi Geological Survey (SGS) to promote further existing cooperation between the two sides to explore and assess uranium and thorium resources, SPA said…….

Saudi Arabia has also set up a joint investment fund with China and on Thursday signed 11 deals worth $20 billion (Dh73.4 billion) with China as part of an official visit of Chinese Vice Premier Zhang Gaoli to Saudi Arabia. http://gulfnews.com/business/sectors/energy/saudi-arabia-signs-cooperation-deals-with-china-on-nuclear-energy-1.2079896

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August 26, 2017 - Posted by | China, marketing, Saudi Arabia

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