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FinancialNews


  • 23-09-13

    Saudi Arabia to reach 50 pct revenues rise

    (MENAFN) President of the King Abdullah City for Atomic and Renewable Energy (KA-CARE) reported that revenues of Saudi Arabia's power of nuclear and renewal sources are expected to hit a 50 percent rise over the following two decades, according to Saudi Gazette. Hashim Yamani said: "Nuclear energy and renewables have an active role and can contribute up to 50 percent of electricity production." The Kingdom plans a project of USD100 billion to build nuclear reactors with 17 gigawatts capacity. The first plant is expected to start operating in 2020.

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