VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

[3xBuBu]

China to Saudi Arabia – The Nuclear Silk Road?
http://analysis.nuclearenergyinsider.com/new-build/china-saudi-arabia-%E2%80%93-nuclear-silk-road?utm_source=http%3a%2f%2fuk.nuclearenergyinsider.com%2ffc_nei_decomlz%2f&utm_medium=email&utm_campaign=NEI+e-brief+1502&utm_term=China+to+Saudi+Arabia+%e2%80%93+The+Nuclear+Silk+Road&utm_content=142275


Saudi government sources have said that they plan to spend more in excess of US$100bn on 16 nuclear reactors that they hope to have operational by 2030. The aim is that the reactors would meet growing domestic energy needs.
China will certainly be hoping that its newly developed reactor, the Chinese version of the Westinghouse Electric AP1000, the CAP1400, will appeal to the Saudis. Some analysts, such as Bill Dodson at China-based energy consultancy Strategic Analysis, sees Saudi Arabia as a unlikely location for the re-engineered Chinese AP1000.
The reactor is still in a testing phase, a process some consider rushed even with the delays caused by the Fukushima issue in Japan last year.
It was assumed that the CAP1400 and Chinese nuclear technology would be more suited to either countries with less financial clout, but nuclear ambitions (such as perhaps Vietnam or Malaysia) or those with political issues that would make it more problematic for European or American firms to deal with - primarily Pakistan, where China is active in Islamabad's nuclear programme.