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South Korea & Saudi Arabia to Cooperate for Nuclear Power R&D

Power News - Published on Fri, 20 Sep 2019

Image Source: businesskorea.co.kr
The Ministry of Science and ICT of South Korea and the King Abdullah City for Atomic and Renewable Energy of Saudi Arabia signed a memorandum of understanding in Vienna, Austria on September 17. The purposes of the MOU include assistance for approvals in Saudi Arabia related to South Korea’s system-integrated modular advanced reactor refinement of the reactor, technological cooperation for SMART construction and commercialization, and the establishment of a joint nuclear power research center. The two countries invested USD 130 million from 2015 to November last year to successfully complete their pre-SMART construction engineering project. The ministry is planning to provide assistance for SMART construction in Saudi Arabia by obtaining a domestic standard design approval based on the result of the project.

The joint research center, which is scheduled to open late this year, is expected to be engaged in technological development for SMART innovation, research on safety analysis codes, and assistance for nuclear power research institute establishment in Saudi Arabia. In addition, the two countries are going to work closely with each other so that the SMART can be built in Middle Eastern and Southeast Asian countries planning to build small modular reactors.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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