The Saudi government sent an inquiry last week into the construction of two 1.4 GW nuclear power plants. The survey was sent to South Korea, France, China and Russia, and the size of the project is estimated at 12 trillion won.
According to industry sources, the Saudi government sent him to South Korea because the latter successfully built and operated the Barakah nuclear power plant in the United Arab Emirates. South Korea won the contract in 2009 and built four APR1400 reactors at a cost of $18.6 billion, half the cost offered by French firm Areva at the time.
Currently, Saudi Arabia is not cooperating with the IAEA’s nuclear inspection for Iran’s nuclear program and the United States may curb South Korea’s participation in Iran’s nuclear energy development. ‘Saudi Arabia. Saudi Arabia has yet to join the IAEA’s additional protocol, which must inspect unreported facilities and has been signed by more than 130 countries, and this must take the same step once Iran moves to the nuclear. According to the United States Atomic Energy Act of 1954, South Korea cannot export the APR1400 reactor without its consent because the reactor is based on American technology.
“The United States and South Korea have recently agreed to further cooperate in the industry and this may have a positive effect on the project in Saudi Arabia,” an industry source said, adding, “For example, South Korea can win the contract on the condition that American companies such as Westinghouse supply components and share project proceeds.In the case of Barakah, about 10% of the total project proceeds went to American companies.
Once South Korea wins the project based on collaboration with the United States, the United States and South Korea can take a dominant position in the market where Russia has already lost the trust of the international community and where the cost of building France is at least 10 trillion won. by nuclear power plant.