The first Saudi nuclear power plant construction contract will be signed by the end of 2018
Saudi Arabia, the world's largest oil exporter, will be awarded the construction contract of the first nuclear power station in China by the end of this year.
At present, Saudi Arabia has already received EPC proposals from China, France, the United States, South Korea and Russia on two nuclear reactors.
Consultant, King Abdullah City for Atomic and Renewable Energy, said: "We expect to sign a project development agreement with 2-3 suppliers by April this year, with only one successful bidder to build Two nuclear reactors. "
The Saudi government hopes to start construction of the first nuclear power station in China by the beginning of 2019 and realize commercial operation in 2027.
In recent years, Saudi Arabia is seeking economic diversification to reduce its dependence on oil. The Saudi government plans to achieve a nuclear power installed capacity of 17.6 GW by 2032 as part of its efforts to promote economic and energy diversification.
In addition to nuclear power, the Saudi government will also vigorously develop renewable energy sources, including solar energy, to increase the proportion of clean power and reduce dependence on fossil fuels.