Nuclear energy in Saudi Arabia
Saudi Arabia has plans to create a domestic nuclear industry in anticipation of high growth in domestic energy consumption. One set of plans proposes building two nuclear reactors by 2020, and have sixteen built by 2030. The government's intent is to use the electrical power thus produced in place of power obtained from petroleum-fired powerplants, thus freeing that petroleum for export. Currently, Saudi Arabia produces 52 GW from 79 powerplants. The government intends to produce 110 GWe by 2032. This would require 16 reactors by 2019 at a cost of $7B each. Saudi Arabia hopes to produce surplus capacity for export, although that would depend on the rate of domestic electrical energy demand. One prediction foresees domestic consumption at 75 GWe by 2018, rising to 120 GWe by 2030.
The Saudi program is reckoned to be the second most developed in the Arab world, behind their Persian Gulf neighbour United Arab Emirates. In 2010, the King Abdallah Center for Atomic and Renewable Energy (KAcare) was founded to oversee Saudi Arabia's nuclear program under its president, Hashim Abdullah Yamani (former minister of energy and of commerce). KAcare will represent Saudi Arabia at the IAEA and be responsible for Saudi nuclear energy power, supervision of nuclear power production and management of nuclear waste.
Saudi Arabia has no fuel production facilities and would be reliant on nuclear fuel from the global market. In 2010, a deal was signed with Toshiba and Shaw to build reactors in Saudi Arabia, and with Exelon to manage the nuclear facilities. The group will either be using the Advanced Boiling Water Reactor or Westinghouse's AP1000.
In February 2011, Saudi Arabia signed its first nuclear accord with France, a leader in nuclear technology exports. It is expected that Saudi Arabia will build a number of nuclear reactors in the near future with the aid of France to expand King Abdullah's Atomic and Renewable Energy City devoted to research and the peaceful application of nuclear energy.
In March 2015, a memorandum of understanding was signed between Saudi Arabia and South Korea. This could lead to the construction of at least two South Korean-designed SMART reactors in Saudi Arabia. SMART stands for System-integrated Modular Advanced ReacTor.
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