Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Saudi Arabia moves ahead with renewables and nuclear project

byTahir Iqbal
17/01/2018
in Latest News
Share on FacebookShare on Twitter

RIYADH: Saudi Arabia is pushing ahead with its renewables and nuclear power projects to meet rapidly growing power demand, top government officials from the kingdom said in Abu Dhabi. According to Gulf News, the country will build a nuclear plant comprising two reactors with a total capacity of 3.2 gigawatts, Abdul Malek Al M. Saberi, a senior official from King Abdullah City for Atomic and Renewable Energy (KACARE) told reporters on the sidelines of World Future Energy Summit in Abu Dhabi. We have received proposals from five countries including China, Russia, US, South Korea and France to build the nuclear power plant. We will announce the winner at the end of the year and will sign a joint venture in the early 2019 to build the plant,” Al Saberi said. The kingdom is aiming to commission the nuclear plant by 2027, he said adding that Saudi Arabia will be the second country in the region to have a nuclear power plant after the UAE. The country is also building two small reactors, with a capacity of 120 megawatts each, which are expected to be commissioned by 2023. Nuclear energy will contribute about 5 per cent of the total energy mix once the nuclear reactors become operational. There is an annual electricity demand [growth] of more than 7 per cent in Saudi Arabia due to growing population and industries,” Al Saberi added. ”With nuclear energy we are going to rely less on hydrocarbons for electricity generation and the nuclear energy programme will also give a boost to industrial sector growth and diversification of the economy.” Saudi Arabia is also looking at wind, as well as solar plants, to contribute to the country’s energy mix. It is targeting 9.5 gigawatts of wind and solar energy by 2023.

We will not stop and will go beyond that. We are optimistic to achieve the target. The government is supporting the programme in a big way,” said Asem Othman Alkadi from Renewable Energy Project Development Office in Saudi Arabia.

You might also like

ICCI hosts P3A session to explore new avenues for investment

04/07/2026

CCTV cameras mandatory for all shops within one month

04/07/2026

Related Stories

ICCI hosts P3A session to explore new avenues for investment

byCT Report
04/07/2026

AMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, said that Public-Private Partnerships (PPPs) have become a...

CCTV cameras mandatory for all shops within one month

byCT Report
04/07/2026

FAISALABAD:The City Police have made the installation of Closed-Circuit Television (CCTV) cameras mandatory for all commercial establishments and directed the...

PM Shehbaz sets FBR revenue target above Rs15 trillion for FY2026-27

byCT Report
04/07/2026

ISLAMABAD: Prime Minister Shehbaz Sharif has set a revenue collection target of more than Rs15 trillion for the Federal Board...

Petrol, diesel prices cut by Rs1.97 per litre each

byCT Report
04/07/2026

ISLAMABAD: The Petroleum Division has issued a notification confirming the revision in fuel rates. The new price of petrol has...

Next Post

Russia's finance minister opposes income tax hike

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.