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Mena N-plans make waves
Khaleej Times - 20 August, 2012 Huge investments in nuclear projects by the UAE, Saudi Arabia, Jordan and Egypt have made the Middle East and North Africa, or Mena, one of the booming global markets of the nuclear industry with $ 300 billion worth of construction and operation projects under way, according to organisers of an industry conference.
The UAE and Saudi Arabia have already made significant headway with their nuclear energy programmes, said the Nuclear Energy Insider, which is organising the third Annual Mena Nuclear Construction Conference in Dubai next month.
Saudi Arabia’s King Abdullah City of Atomic and Renewable Energy aims to produce zero carbon dioxide emissions through an energy mix of nuclear power and other renewable sources. This complex and sizeable new nuclear project is by far the region’s largest, with an individual budget of over $ 350 billion to secure 16 new nuclear units by 2030. The UAE’s nuclear-power programme is a joint venture between state-owned Emirates Nuclear Energy Corp, or Enec, and Korea Electric Power Corp, or Kepco, and was last year reported to have cost $ 30 billion.
Recently, the Federal Authority for Nuclear Regulation, or FANR, gave the UAE project the green light and building work has begun on the facility that will house the country’s first nuclear reactor.
The FANR granted the Enec a licence to build Units One and Two at the Barakah Nuclear Facility following an 18-month review of the application, with Enec pouring more than 1,500 cubic metres of concrete to form a portion of the foundation slab of the Barakah Unit 1 Reactor Containment Building.
Enec has been authorised to construct two Korean-design advanced pressurised water reactors, which will each be capable of producing 1,400MW.
Last year, the Jordan Atomic Energy Commission announced a single 1,000MW unit to be constructed at Majdal, Mafraq Province in central Jordan. Jordan is planning a suite of six plants of around 1,100MW each, intending to begin building the first in 2013. Turkey has plans to commission four large plants (1,200MW), the first by 2018. They country has contracted with the Russian State Atomic Energy Company to commence building in 2013.
Kuwait has plans for four supersize (1,700MW) plants. The Kuwait National Nuclear Energy Committee has only confirmed a more modest policy to build 1,100MW power stations by 2022. Kuwait has signed an international cooperation agreement with Japan and established a national nuclear energy commission in cooperation with the International Atomic Energy Agency.
Egypt plans to build four 1,000MW plants by 2025 and is currently in discussion with reactor suppliers.
IN May, Iran said it would build a new nuclear power plant, alongside its sole existing one in the southern city of Bushehr, by early 2014. The head of the country’s Atomic Energy Organisation said.
Iran would build a 1,000-megawatt nuclear power plant in Bushehr next year.
The current Bushehr nuclear plant was started by German engineers in the 1970s and was completed by Russia, which continues to help keeping it running and provides fuel for it. Inaugurated in 2010, it is due to come fully on-line in November this year.
In addition, Iran has a research reactor operating in Tehran that is used to make medical isotopes for patients with cancer and other illnesses
If the Middle East develops production of nuclear power as planned, it is predicted that the region will eventually be producing around 25,000 tonnes of nuclear waste every year. |
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| Qatar Exchange up a shade; Saudi rebounds |
| Source : The Peninsula |
| Date : 2013-06-18 |
| Qatar Exchange ended in the green yesterday adding 5.29 points (or 0.06 percent) to advance to 9,429.70 points from 9,424.41 on Sunday.... |
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| Saudi food & agri sector outlook remains positive |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| The Saudi food and agriculture sector retains its positive outlook due to growth in demand supported by a young and growing population, and expansions into new segments, NCB Capital, the... |
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| Etihad Airways inks IMU with Serbia |
| Source : Gulf Today |
| Date : 2013-06-18 |
| Etihad Airways will advance discussions with JatAirways about an equity investment in the Serbian national carrier.... |
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| Insurance sector remains in limelight |
| Source : Arab News |
| Date : 2013-06-18 |
| The Saudi stock market ended yesterday's trading session solidly in the green. Saudi Arabia’s benchmark stock index (TASI) recorded a handsome gain of 1.81 percent, which is the highest intra-day... |
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| Sadara signs SR 39.37 bn funding agreements |
| Source : Arab News |
| Date : 2013-06-18 |
| Sadara Chemical Company (Sadara) yesterday announced the signing of a number of definitive financing agreements for an additional funding of approximately SR 39.37 billion ($ 10.5 billion).... |
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| Zamil Industrial unveils cloud computing initiatives |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Zamil Industrial Investment Co. launched recently its full Office 365 Enterprise project and other cloud computing initiatives.... |
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| Babyshop opens 2 new stores in Jeddah |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| BABYSHOP, the region’s premier fashion destination for children sets yet another milestone with the opening of its 30th and 31st stores in the Western Region at Al Emmam Al Bukhari... |
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| Edarh Midway obtains ISO certification |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| EDARH Midway Ltd., pioneer in the field of engineering consultation and real estate development, has marked a new achievement through its successful course to be accredited the International Specification Certificate... |
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| Cisco reaffirms commitment to Saudi Arabia |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Cisco’s Chairman and CEO John Chambers arrived in Saudi Arabia Monday to meet with Saudi government officials and strategic business partners in the Kingdom.... |
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| Synthetic oil much better than best quality mineral oil: Apsco |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Arabian Oil Supply Company (Apsco), manufacturer and marketer of Mobil oil in Saudi Arabia, recently held a seminar in Al-Ghardaqah City, Egypt on the importance of synthetic oil and its... |
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| Investcorp buys 38% stake in Saudi energy firm |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Bahrain-based Investcorp has bought a 38 percent stake in a Saudi oil and gas services company and expects to complete up to three more deals via its $1 billion Gulf... |
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| Sadara gets funding for its $19.3bn plant |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical, confirmed Monday that it had signed loan facilities to support the construction of a $19.3 billion petrochemical complex.... |
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| Saudi Arabia produces 67% of GCC's petrochem output |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Petrochemicals production in Saudi Arabia hit 86.4 million tons in 2012, up from 80.5 million tons of capacity in the previous year, the Gulf Petrochemicals & Chemicals Association (GPCA) Annual... |
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| Qatar building 77 new hotels: QDB analysts |
| Source : The Peninsula |
| Date : 2013-06-18 |
| With more and more players entering Qatar's hospitality sector, the industry's present market dynamic is bound to change in a big way.... |
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| e-fraud in Saudia among lowest in the world: BMAC |
| Source : Saudi Gazette |
| Date : 2013-06-18 |
| Saudi Arabia is one of the countries in the world with the lowest rate in financial fraud committed by electronic information and communication devices, and the rate matches in... |
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| Oman's market to see major IPOs |
| Source : Oman Daily Observer |
| Date : 2013-06-18 |
| Bright outlook surrounding the Sultanate's macro-economic scenario, despite the global economic meltdown, is paving the way for a robust Initial Public Offerings (IPO) market.... |
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| India cuts Iran oil imports by more than 40pc |
| Source : The Peninsula |
| Date : 2013-06-18 |
| India cut its Iranian oil imports by more than 40 percent in the first five months of the year, replacing the crude with shipments from Venezuela, Iraq and Oman, and... |
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| Qatar Holding sells back 10pc Porsche stake |
| Source : The Peninsula |
| Date : 2013-06-18 |
| Qatar Hol-ding, the investment arm of the state's sovereign wealth fund, has sold its 10 percent stake in Porsche SE to the luxury carmaker's family shareholders, four years after it... |
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| ADPC and Abu Dhabi Customs sign an agreement |
| Source : Khaleej Times |
| Date : 2013-06-18 |
| Abu Dhabi Ports Company has announced the signing of a strategic partnership agreement with Abu Dhabi Customs.... |
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| Saudi banks to benefit from strong sukuk market growth |
| Source : Arab News |
| Date : 2013-06-18 |
| The Saudi sukuk market will continue to grow over the next 12-18 months, a credit positive for Saudi banks, following a new record SR 25.2 billion ($ 6.7 billion)... |
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| Total 351 Results in 18
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| Tue Jun 18, 2013 | | | 09-شعبان-1434هـ |
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