Saudi Assistant Minister holds defense cooperation talks in Pakistan    GACA fines for civil aviation violations exceed SR5.3 million in Q1    NMDC showcases innovation and saustainability at AACE conference    Attack sends message to Iran but Israelis divided over response    Children among seven dead in Russian strike on Dnipropetrovsk region    US vetoes Palestinian attempt to gain statehood at the United Nations    Saudi Arabia expresses regret over UN Security Council's decision on Palestinian membership    Beijing half marathon: Top three stripped of medals after investigation    Taylor Swift releases surprise double album    Markets rocked as US says Israel has struck Iran    Centuries-old defensive moat and fortification wall unearthed in Historic Jeddah    Dhul Qadah 29 is the last day for Umrah pilgrims to leave the Kingdom 90-day duration of visa begins from the date of entering the Kingdom; Hajj Ministry clarifies    'Saudi hospitality sector to generate SR42 billion investments and 120,000 jobs by 2030'    Poignant shot from Gaza wins World Press Photo of the Year 2024    Saudi Pro League postpones Al-Hilal vs. Al-Ahli match; Al-Ahli rejects rescheduling    50% traffic fine reduction takes effect    Al Ain ends Al Hilal's record streak with a 4-2 win in AFC Champions League semi-final    'Zarqa Al Yamama': Tickets now available for Saudi Arabia's first opera premiering April 25    Turki Alalshikh announces groundbreaking 5 vs 5 Riyadh Season bout featuring international boxing stars    Diriyah Biennale Foundation announces shortlist for AlMusalla Prize, set to revolutionize musalla architecture    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Kingdom revs up plans for renewable energy
Published in The Saudi Gazette on 08 - 03 - 2013

RIYADH — Saudi Arabia has unveiled ambitious plans to develop renewable energy programs that will produce 54,000 megawatts of electricity by 2032, part of a strategy by the Gulf countries to save their oil for export.
The strategy paper recently published by the King Abdullah City for Atomic and Renewable Energy, known as KA-Care, for the first time outlines the initial phases of the Kingdom's agenda for its energy future.
The paper “does not just provide the blueprint for sustainable energy projects but lays out proposed targets for greater local participation in the workforce,” observed the Middle East Economic Digest.
“The push for Saudization is further evidence that Riyadh is thinking about the country's long-term future and is aware that its hydrocarbons resources will not last forever.”
Saudi Arabia has oil reserves of 296.5 billion barrels and produces around 10 million barrels per day, in part to moderate oil prices. But with oil prices more than $100 a barrel and likely to stay that way, Riyadh wants to find ways to produce electricity without using hydrocarbon fuels and save 1.2 million barrels of oil per day by 2032.
The neighboring United Arab Emirates, with 8 percent of the world's proven oil reserves, has also embarked on a major renewables program, focusing, like the Saudis, on nuclear and solar energy production.
The Arab states in the Gulf, which sit on around one-fifth of the world's oil reserves, are embarking on a green revolution that will transform their economies.
Custodian of the Two Holy Mosques King Abdullah set up KA-Care in 2010 to develop alternative energy sources so the country won't have to burn millions of barrels of oil a year on power generation.
“With peak power demand expected to rise by more than 60 percent in the next 20 years, Saudi Arabia is aware that it must swiftly move forward with power projects to avoid severe shortages,” MEED reported.
“In addition to the environmental concerns of building new capacity by burning fossil fuels, there will be major cost implications if the Kingdom continues to use gas and oil.”
The KA-Care paper outlined the “competitive procurement process” to tender and award contracts for the renewable energy projects, which are to be at sites easily connected to the national grid.
The technologies involved, at least in the initial phase of the master plan, are thermal solar, photo-voltaic solar, wind, geothermal and waste-to-energy, the strategy paper noted.
Under the plan, Saudi Arabia is to produce 23,900 MW of electricity from renewable energy sources by 2020 and 54,000 MW by 2032.
Demand is expected to increase sharply in the next 20 years, to 75,000 MW by 2020 and 123,000 MW by 2032, based on an average growth rate of 4.5-5 percent a year.
To help meet this demand, Saudi Arabia plans to build a chain of at least 16 nuclear power stations under a $109billion program, with the first operational by 2019.
The aim is to achieve an electricity output of 110GW by 2032. By comparison, solar energy plants would produce 41GW within 20 years while geothermal and waste-to-energy systems would be providing 4GW.
The United Arab Emirates has also launched a nuclear power program, which is more advanced than the Saudi effort. The Emirates' program, launched in 2009, is much smaller than the Saudis', but still has a $30 billion price tag.
The Gulf states of Kuwait, Bahrain and Qatar, as well as Egypt and Jordan, have also announced plans to invest in nuclear energy to crank up electricity generation to meet a burgeoning public and industrial demand. – UPI


Clic here to read the story from its source.