Saudi Arabia, France sign nuclear energy cooperation deal

Two nations to cooperate in production, use and transfer of knowledge of peaceful uses of nuclear energy
NUCLEAR POWER: Saudi Arabia and France agreed to cooperate on developing nuclear energy for peaceful purposes (Getty Images)
By Bloomberg
Tue 22 Feb 2011 04:20 PM

Saudi Arabia and France agreed to cooperate on developing
nuclear energy for peaceful purposes as the world’s top oil producer seeks to
meet growing demand for electricity.

The agreement allows the two countries to cooperate in
the fields of production, use and transfer of knowledge of peaceful uses of
nuclear energy, according to an e-mailed statement from the Saudi government.

“Saudi Arabia has decided to make use of alternative
energy resources, such as atomic energy, solar energy, geothermal energy and
wind energy,” according to the statement, which cited Hashim Bin Abdullah
Yamani, president of the King Abdullah City for Atomic and Renewable Energy,
known as KA-CARE. Power demand is forecast to increase by 8 percent a year in
the Arabian Peninsula’s most populous country.

Yamani and France’s Minister of Industry and Power Eric
Besson signed the agreement.

KA-CARE was established by a royal decree last April to
develop the kingdom’s policy of atomic and renewable energy policies, according
to the statement.

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