South Koreans eye Saudi nuclear sector

Saudi Electricity Company signs deals with a number of firms over power plants, including one looking at nuclear projects with Korea National Engineering Co

Photo for illustrative purposes
Photo for illustrative purposes

Saudi Electricty Company has signed a number of deals with Korean firms to co-operate on power projects, including nuclear power.

The organisation said it had signed an MoU with Korea National Engineering Co to discuss co-operating on research and development and training in generating and transmitting both nuclear and renewable energy, including looking at development projects over a three-year timespan.

It also signed an MoU with Doosan Heavy Industries and Construction to discuss R&D and training on conventional and renewable plants over two years, as well as an agreement with the Korean Export Bank over project financing.

SEC also signed an MoU with the US's General Electric over power plant operations and maintenance.

Meanwhile, Korea's LG Electronics agreed a deal with its long-term Saudi partner Al Hassan Ghazi Ibrahim Shaker Company (Shaker) to look at building specialist cooling units for nuclear reactors.


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