Under the MoU, Korea and Saudi Arabia will work together to refine the design of the SMART reactor. Korea will also assist in gaining Saudi design approval of the reactor, as well as cooperating in the construction and operation of a SMART reactor in Saudi Arabia
With electricity demand in the GCC growing by 8 to 10% annually, the region is turning to nuclear to meet a twin challenge - how to diversify its electricity-generating mix while reducing reliance on fossil fuels
The King Abdullah City for Atomic and Renewable Energy (KACARE) has also shortlisted Korea Electric Power Corp (KEPCO) for the project
KACARE pens Memorandum of Understanding to cooperate on nuclear.
Masdar and K.A.CARE team up to develop projects across the region.