Riyadh: Saudi Arabia is conducting talks with five vendors with the aim of building its first nuclear power plant with two reactors, according to a presentation at the Future Investment Initiative conference.
The companies in discussions are US-based Westinghouse, France's EDF, Russia's Rosatom, South Korea's KEPCO and China National Nuclear Corporation.
According to the presentation, Saudi Arabia wants to develop a civil nuclear industry and renewable energy to free up oil burned to produce power for export.
Saudi Energy Minister Prince Abdulaziz bin Salman has previously said the kingdom would like to enrich its own uranium resources to produce nuclear energy, according to S&P Global portal.
However, outgoing US Secretary of Energy Rick Perry cast doubt last week on the kingdom's ability to process that uranium because of its quality and quantity.
Saudi Arabia will be the second Arabian Gulf state to build nuclear plants after the UAE, which is building four nuclear reactors that will collectively produce 5,600MW of electricity, Watan newspaper reported.
Kepco won the $20 billion contract to construct the UAE reactors, whose start-up has been delayed.