ROSATOM is ready to build 16 nuclear power units in Saudi Arabia

Press release

Published September 6th, 2016 - 06:13 GMT

ROSATOM

State Corporation ROSATOM is ready to build 16 nuclear power units in Saudi Arabia, said Aide to the President of the Russian Federation Yury Ushakov to journalists at a briefing.

“There are prospects for cooperation in the field of nuclear energy. The intergovernmental agreement on cooperation between ROSATOM and Science City of King Abdullah of Saudi Arabia, which was signed in June of 2015, is under implementation. Our company, which has the most advanced technologies, is ready to join the project on construction of 16 nuclear power reactors in the Kingdom of Saudi Arabia. The project is provided until 2030, its cost is $ 100 billion”, he said.

As reported, in the end of May the First Deputy CEO of ROSATOM Kirill Komarov informed journalists that the State Corporation discussed the participation in Saudi Arabian nuclear program. “Last year we signed the intergovernmental agreement with Saudi Arabia on cooperation in the use of nuclear energy in peaceful purposes. We established a joint coordination committee and held its first meeting. We started to exchange of views on Russia to be a part of this program”, said Komarov.

He also pointed out that the nuclear program of Saudi Arabia is very ambitious and envisages the construction of 16 nuclear power units in the country.

Background Information

ROSATOM

The State Atomic Energy Corporation ROSATOM is one of the global technological leaders. The company has assets and competencies to work at all stages of the nuclear production chain from uranium mining to decommissioning of nuclear facilities and spent nuclear fuel management.ROSATOM brings together about 400 enterprises and organizations, including the world's only nuclear icebreaker fleet. It is the largest electricity generating company in Russia, accounting for 18.7% of the country’s total generation of electricity. ROSATOM is the third in the world in nuclear power generation.The corporation is the global leader in simultaneous implementation of NPP power units and has the largest portfolio of foreign construction projects (36 NPP units in 12 countries). ROSATOM manufactures equipment and produces isotopes for nuclear medicine, carries out research and material studies. It also assembles supercomputers and designs software as well as different nuclear and non-nuclear innovative products. The company has business ventures covering various clean energy projects, including wind energy. ROSATOM has second largest uranium reserves and 17% of the global nuclear fuel market.