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FinancialNews
31-10-17
Saudi Arabia plans to uranium for nuclear program
(MENAFN) As part of its nuclear power program Saudi Arabia plans to extract uranium domestically and consider this as a step toward "self-sufficiency" in producing atomic fuel, a senior official said on Monday.
Hashim bin Abdullah Yamani, head of the Saudi government agency said that extracting its own uranium also makes sense from an economic point of view, he said as the agency tasked with the nuclear plans, the King Abdullah City for Atomic and Renewable Energy (KACARE).
The Kingdom says it wants to tap atomic power for peaceful purposes only in order to diversify its energy supply, and will award a construction contract for its first two nuclear reactors by the end of 2018.
MENAFN3110201700450000ID1096018619
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