US Venture Global LNG to initiate LNG operations by mid-24    AstraZeneca injects $50m in Egypt over four years    IMF's Georgieva endorses Egypt's reforms at Riyadh WEF Summit    Egypt's El-Said touts economic progress at WEF special meeting in Riyadh    Egypt, AstraZeneca sign liver cancer MoU    IMF head praises Egypt's measures to tackle economic challenges    US to withdraw troops from Chad, Niger amid shifting alliances    Africa's youth called on to champion multilateralism    AU urges ceasefire in Western Sudan as violence threatens millions    Egypt's c. bank issues EGP 55b T-bills    Nasser Social Bank introduces easy personal financing for private sector employees    Negativity about vaccination on Twitter increases after COVID-19 vaccines become available    US student protests confuse White House, delay assault on Rafah    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    Swiss freeze on Russian assets dwindles to $6.36b in '23    World Bank pauses $150m funding for Tanzanian tourism project    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Kuwait Goes Nuclear
Published in Daily News Egypt on 14 - 09 - 2010

Ahmad Bishara, secretary general of Kuwait's National Nuclear Energy Committee (KNNEC), said that Kuwait is planning to build four 1,000 megawatt reactors by 2022. Speaking to press in Tokyo, Bishara said construction will begin as early as January.
The move would make Kuwait, the world's fourth largest oil exporter, the fourth Arab state to announce plans to build nuclear reactors for energy, after Egypt, Jordan and Saudi Arabia.
“This is typical of the region,” Dr. Theodore Karasik, director of security and defence studies at the Gulf Research Center told Media Line.
“Kuwait is following suit behind Saudi Arabia and United Arab Emirates.”
“They need to do something,” Karasik said, pointing out that Kuwait faces an energy growth rate of some seven percent a year. “They will have to figure it out as they go along.”
Bishara, secretary general of Kuwait's nuclear committee, said the country would be able to afford nuclear development so long as the price of oil remains relatively stable.
“Our initial analysis indicates that nuclear is viable as long as oil is above $45 to $50 a barrel,” he said in Tokyo on Friday, adding that it was not yet clear how nuclear energy “fits in the energy mix of Kuwait for the next 20 years.”
Tomoko Murakami, a nuclear analyst at the Institute of Energy Economics, told journalists in Tokyo that Kuwait faces greater energy crises than its Arab neighbors.
“Kuwait's need to develop its power infrastructure is greater than other Arab countries” Murakami said. “Summer power shortages are severe.”
The Kuwaiti government has been taking a number of steps over the past few months to boost there alternative energy capacity. In April, Kuwait signed a nuclear cooperation agreement with France.
This week, Bishara signed an additional cooperation agreement with Japan to enlarge Kuwait's long term nuclear capacity.
The agreement will bring with it lucrative contracts for Japanese firms.
Kuwait is the second Arab country over the past year to sign a nuclear deal with an Asian state, following a deal signed between the United Arab Emirates and South Korea last December.
Arab countries have taken a number of initiatives in recent years to expand their alternative energy sources. Saudi Arabia made plans in July with two firms in the United States and one from Japan to begin construction on what will be the nation's first nuclear power plant.
Following suit, in August Egyptian President Hosni Mubarak announced the site of Egypt's first nuclear power plant along the Mediterranean coast.
Oil exporting nations have a vested interest in finding alternative sources of energy so as to maximize their oil exports. By investing in alternative energy now, Arab states hope to see gains in oil exports in the future.


Clic here to read the story from its source.