Saudi Arabia plans to build 16 nuclear power reactors by 2030 which could costs more than $100 billion, Reuters quoted local news reports as saying.
"After 10 years we will have the first two reactors," Abdul Ghani bin Melaibari, coordinator of scientific collaboration at King Abdullah City for Atomic and Renewable Energy, was quoted as telling Arab News. The plan is to add two additional reactors for a total of 16 by 2030.
The official estimated the cost of each reactor to be around $7 billion. He said the Kingdom is in the process of planning for the nuclear project and coordination with specialized companies.
Power demand is estimated to grow 7 to 8 percent during the next 10 years.
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