Saudi Arabia and China sign nuclear pact
KACARE pens Memorandum of Understanding to cooperate on nuclear.
Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy (KACARE) and the Chinese Ministry of Energy have agreed to cooperate on nuclear energy matters.
A memorandum of understanding (MoU) was signed in Shanghai by KACARE vice president Waleed Husain Abu Al-Faraj and Chinese National Nuclear Energy Company (CNNC) chief financial officer, Hwan Min Gang.
Several K.A.CARE and Chinese officials attended the ceremony, including Hashem Yamani, K.A.CARE president, and Wushin Ochi Shiong, minister of State Administration of Energy.
Under the agreement, the two parties will discuss areas of mutual cooperation in the atomic and renewable energy fields.
KACARE was established through a royal decree in 2010 with a mandate to boost the proportion of sustainable energy in Saudi Arabia’s power mix.