Kuwait Scraps Nuclear Power Plans

Kuwait Scraps Nuclear Power Plans

Kuwait Scraps Nuclear Power Plans

Ministry says alternative sources are more cost effective  

Kuwait’s Ministry of Electricity and Water has reportedly scrapped plans to build a nuclear power plant citing cost concerns.

The country had planned to obtain a licence for the project from the United Nations.

Kuwait Times reports that the ministry decided to retract the plans because studies proved it was not feasible and too expensive.

The Ministry also said alternative energy sources like Wind and Solar power were more cost effective, according to the publication.

The country is expected to require several new power stations between Y’s 2020 and 2030.

In recent years, GCC nations have turned their attention to nuclear part as part of plans to diversify their energy mix.

The UAE is currently constructing 4 nuclear reactors at a plant in Barakah, which is scheduled for completion in Y 2020.

Saudi Arabia too has ambitious nuclear power plans and could construct up to 16 reactors over the next 20 years, according to the World Nuclear Association.

Last week, Russia’s Energy Minister expressed an interest in helping the Kingdom develop its nuclear power sector.

By Robert Anderson

Paul Ebeling, Editor

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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