Saudi Arabia plans to issue a multi-billion-dollar tender in 2020 to construct i...
DUBAI/RIYADH - Saudi Arabia plans to issue a multi-billion-dollar tender in 2020 to construct its first two nuclear power reactors and is discussing the project with U.S. and other potential suppliers, three sources familiar with the plans said.
Saudi Arabia, which aims to mine for uranium, says its plans are peaceful. But Crown Prince Mohammed bin Salman said in 2018 the kingdom would develop nuclear arms if Iran did. Saudi officials previously said they aimed to select a vendor in late 2018, which then slipped to 2019. The sources said the tender would now be issued in 2020.
Riyadh needs to sign an accord on the peaceful use of nuclear technology with Washington to secure the transfer of U.S. nuclear equipment and expertise, under the U.S. Atomic Energy Act. U.S. Energy Secretary Rick Perry said last week that the negotiations which began in 2012 were continuing. The King Abdullah City for Atomic and Renewable Energy , tasked with developing the nuclear program, has brought in an executive from oil giant Saudi Aramco to help manage the pre-tender consultancy process, two sources said.
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