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FINANCIAL NEWS
Kuwait to build four nuclear reactors
11 Sep 2010
(MENAFN) Kuwait, the fifth biggest oil producer among OPEC members, plans to build four nuclear power reactors by 2022, joining a drive for atomic energy among Gulf countries seeking alternative sources of electricity.
Kuwait�s National Nuclear Energy Committee is considering options and will release a so called roadmap for developing atomic power as early as January, Ahmad Bishara, secretary general of the body, said in an interview. The country may build four 1,000 megawatt reactors, he said.
Arab countries including Saudi Arabia, the world�s biggest oil exporter, and the UAE are turning to atomic energy to save oil reserves for overseas sales.
They need to allay US concerns the technology may get diverted to weapons programs in a region that has experienced three major wars since the 1980s.
Kuwait ratified a protocol giving International Atomic Energy Agency inspectors access to future nuclear facilities to ease American concerns, said Tomoko Murakami, a nuclear analyst at the Institute of Energy Economics in Tokyo.
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