POST Online Media Lite Edition


South Korea eyes Saudi Arabia's nuclear plant deal

Staff Writer |
South Korea is eyeing Saudi Arabia's first nuclear power plant project, hoping to export its nuclear technology following a 2009 deal with the United Arab Emirates (UAE), the government said.

Article continues below

Saudi Arabia, the world's largest crude exporter, is set to announce a plan to build two nuclear reactors to reduce its reliance on oil, drawing keen attention from major nuclear power producers including South Korea, China, France and Russia.

The Gulf nation held a presentation Monday on its nuclear energy program on the sidelines of the conference of the International Atomic Energy Agency (IAEA) held in Austria.

South Korean officials in charge of the nuclear policy and officials from the state-run utility Korea Electric Corp. (KEPCO) attended the presentation and held bilateral meetings with Saudi Arabian officials to step up cooperation in the sector, the ministry said.

The Saudi Arabian government has not yet officially announced a detailed schedule and the exact amount to be allocated to the project, but industry sources familiar with the matter said Saudi Arabia plans to issue a request for information in the coming months.

What to read next

South Korea approves 2 new nuclear reactors
South Korea wants better business ties with Saudi Arabia
Russia bidding to construct 16 nuclear power plants in Saudi Arabia