Thursday, June 30, 2011

Saudi Arabia signs nuclear-energy deal with Argentina

Saudi Arabia has sealed a nuclear-energy deal with Argentina in an effort to meet urgent needs of the oil-rich kingdom, the Saudi government said.

Water desalination--turning seawater into drinking water – and electricity generation projects have been introduced by Argentina's Atomic Energy Commission and technology firm INVAP, Reuters reported. INVAP has previously built research reactors in Algeria and Egypt.

"With Saudi Arabia's local power demand expected to nearly triple in the next 20 years, it's critical that the kingdom use atomic and renewable energy technologies to meet this growing demand in a safe, sustainable and clean manner," Hashim bin Abdullah Yamani, president of the King Abdullah City for Atomic and Renewable Energy, told Reuters.