Ahmet Aksu, Vice President of the Turkish Privatisation Authority, has said that the country will soon start to privatise electricity generation.
With Iran’s nuclear power plant at Bushehr approaching a major milestone, Iranian officials say that they are looking to expand the programme with more such plants.
A senior South Korean government official said that it is on the verge of signing a deal to supply a nuclear power plant to Turkey ahead of schedule.
Iran will start generation of electricity from nuclear power in early December, according to Mohammad Ahmadian, Managing Director of Iran’s Atomic Energy Generation and Development Company.
It has been reported that about $80 billion worth of investment is needed in Saudi Arabia by 2018 to meet rising power demands in the country.
Toshiba, Shaw and Exelon have signed a deal with Saudi Arabia to pursue several nuclear power contracts in Saudi Arabia.
The Middle East’s electricity providers have been urged to introduce variable tariff schemes that charge consumers more for usage during peak hours in an effort to ease demand.
A remote beach at Braka in Abu Dhabi on the Persian Gulf, about 50 km from the centre of Abu Dhabi’s oil industry at Rawis, is the chosen site for four new nuclear reactors to be built by a South Korean consortium.
Saudi Arabia is due to establish a civil nuclear and renewable energy centre to help meet demand for power as it pushes forward with economic expansion plans.
Saudi Arabia, the world’s biggest exporter of oil, will seek to produce more electricity from fossil fuels, a top government official has announced.