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FinancialNews


  • 08-09-10

    Kuwait, Japan to boost nuclear cooperation

    (MENAFN) Japan has agreed with Kuwait to cooperate in capacity building for peaceful use of nuclear energy generation, Reuters reported. Kuwait, the world's fourth biggest oil exporter, is facing rising energy demand and agreed with France in April on cooperation in developing nuclear energy. Japan, the world's third-biggest nuclear power generator after the United States and France, is stepping up efforts to tap the nuclear power development market after a Japan-US consortium lost out to South Korea in a deal to build and operate nuclear reactors for the United Arab Emirates (UAE) in December. Developing and operating nuclear power plants abroad is a growth strategy in Japan, where electricity demand is expected to stay flat or rise slightly at best due to industries shifting abroad and the graying of society.

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