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PostPosted: Mar 31, 2014 4:37 pm 
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Cyril R wrote:
112 billion for 16 reactors, that's 7 billion a pop. Sounds expensive. Saudi's usually import cheap laborers for most of the workforce, and as of yet lack the paranoid licensing framework that endlessly burdens cost. Can't they get better prices?


Doesn't seem that they would need to pay more than the UAE price ($5B), since the situation is so similar. They might be willing to pay more for geopolitical reasons ... buy from US or France (or both).


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PostPosted: Apr 21, 2014 5:28 pm 
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Well, I was living for a couple of years in the arab world...I speak a bit arabic...
Let me give you some thoughts....

The Arab countries have build up funds for the time after oil with several 100 Billion $ each. They are worried about the value of the $ as the Fed is printing plenty of money. Building nuclear power plants would give them the opportunity to get a real value for their paper $ that provide a steady cash flow (electricity) for decades.

The Arab countries are traditionally very afraid about Iran. When the US will get thanks to fracking more or less independent from imported oil they fear that the US will not protect them anymore. Many people think that nuclear power plants might help to make helpful gadgets.

For Arab people land is traditionally of no value. It is desert. Hence arabs are very ignorant to green NGO that stress fantasy stories about nuclear waste and potentially contaminated areas.

In KSA and other oil countries the governments want to make their own male people educated and work. But if the people do not really see the benefit it is a bit challenging. In the consequence there are local quota in KSA and other oil countries. At my employer we had expats from India, Philippines, Egyptians, Syrians and a few Europeans in the management. Most local employees came at 9:00 or 10:00 did do whatever they did and left at 15:00 latest (with some exemptions). In reality a nuclear power plants would be build and run by Expats with a local quota.

In consequence they will play with the potential vendors from US, France, Japan and Korea and perhaps options from Russia and China to get the best political and economic conditions. Traditionally there is a preference to US in KSA


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PostPosted: Apr 21, 2014 6:08 pm 
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The system ate parts of my comment...

KSA has beside of oil plenty of natural gas. Till today it is not exported yet. My company paid 3.2 c/kWh electricity and some fees for natural gas. If you subtract the costs of the grid from the electricity price a nuclear power plant will not be competitive. That might be a main reason that there is no nuclear yet.


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PostPosted: Apr 21, 2014 7:58 pm 
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For the oil rich West Asian countries, the imported Asian labor is cheap. After UAE, others could also find nuclear power plants a good investment.
It will help the oil business run for longer. Oil will remain a salable commodity due to transport (including battle tanks and air) use.


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PostPosted: Apr 22, 2014 7:49 pm 
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The KSA is also investing in chemical and plastics factories in country to move further up the profit food chain.


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PostPosted: Apr 13, 2015 4:43 am 
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KSA, France discuss cooperation in nuclear energy


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PostPosted: Apr 13, 2015 7:38 pm 
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While Saudi Arabia is talking to France about buying reactor grade uranium and getting training on nuclear power operation they are talking to Pakistan about getting nuclear weapons.

http://www.newsweek.com/saudi-arabia-ke ... oes-319131

This would mean that they'd violate the terms of the NPT, but it would be difficult to place sanctions on a nation that exports more oil than any other nation in the world.

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Disclaimer: I am an engineer but not a nuclear engineer, mechanical engineer, chemical engineer, or industrial engineer. My education included electrical, computer, and software engineering.


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PostPosted: Apr 14, 2015 12:36 am 
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That is the main reason people are desperate that Iran doesn't get the bomb.

It may be that the Saudis are hinting that to discourage Iran. But if Saudi gets weapons, then others in the region might.


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PostPosted: Apr 26, 2015 10:21 am 
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An LWR is not really helpful if you plan to produce some nuclear gadgets. A Candu reactor or an enrichment plant is more helpful in this aspect.

A nuclear power plant requires a high capital Investment and generates electricity on low cash costs. The main benefit of oil rich contries buying LWR is to invest paper $ that depend on the fed policy for something useful in the own Country.


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PostPosted: Nov 01, 2017 12:29 pm 
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Saudi Arabia takes first step towards nuclear plant tender: sources


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PostPosted: Nov 07, 2017 12:44 am 
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So, erm, now that the Crown Prince did a huge purge and consolidated control, what will happen to the various projects being sheparded by Prince Alwaleed, both directly domestically as well as indirectly via foreign investment and assorted venture funds? It seems Crown Prince MBS is a pragmatist seeking to diversify before the end of oil, so generally good news with some changing faces but...


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PostPosted: Nov 08, 2017 12:32 pm 
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Now that peak prices for oil are past, it is good business to convert dollars into productive assets in shape of nuclear reactors. The electric power and heat rejects can both be used effectively for desalination for very valuable fresh water.


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PostPosted: Nov 22, 2017 11:10 pm 
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Exclusive: Westinghouse discussing group bid for Saudi nuclear tender - sources


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PostPosted: Dec 03, 2017 9:34 am 
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U.S. firms push Washington to restart nuclear pact talks with Riyadh: sources

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One of the sources also said Riyadh had told Washington it does not want to forfeit the possibility of one day enriching uranium - a process that can have military uses - though this is a standard condition of U.S. civil nuclear cooperation pacts.


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PostPosted: Dec 07, 2017 1:11 am 
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U.S. energy chief says to start negotiations on nuclear pact with Riyadh

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U.S. Energy Secretary Rick Perry, who this week visited Saudi Arabia on his first official trip to the region told Reuters that negotiations between the two allies will start soon to tackle the details of the pact - known as a 123 agreement. “We heard that message that ... ‘we want the United States to be our partner in this’,” Perry said, referring to discussions he had during his meetings with Falih and the top Saudi leadership. Perry met with Saudi King Salman and Crown Prince Mohammad bin Salman during his trip. But one potential sticking point could prove to be Riyadh’s ambitions to have the ability of one day enriching uranium - the process for producing fissile material which can have military uses. Riyadh has said it wants to tap its own uranium resources for “self-sufficiency in producing nuclear fuel” and it was not interested in diverting nuclear technology to military use. But under Article 123 of the U.S. Atomic Energy Act, a peaceful cooperation agreement is required for the transfer of nuclear materials, technology and equipment. Washington usually requires a country to sign a pact that blocks it from making nuclear fuel which has potential bomb-making applications. In previous talks Saudi Arabia has refused to sign up to any agreement that would deprive it of the possibility of one day enriching uranium itself. Perry declined to comment whether that issue was raised during his visit to Saudi Arabia.


This is a very significant development indicating that the new US administration is going to take a much more realistic approach to the world nuclear situation than the previous administration. The Obama State Department's "gold standard" approach to 1-2-3 agreements, insisting that countries renounce any future plans to enrich uranium and reprocess spent fuel, completely backfired on them. Countries that were interested in these options essentially told the US to go pound sand and marched right into the loving arms of the Chinese and Russians, who had no such compunctions. So rather than enhancing global nuclear security, the posture of the Obama administration did nothing but "virtue signal" to their anti-nuclear fellow travellers that they would not position the US in a leadership position in global nuclear matters.

Trump and Perry are dealing with the world as it actually is, not as they wish it was.


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