Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between US$30 billion and US$50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday. In addition to that program, Riyadh is in the early stages of feasibility and design studies for its first two commercial nuclear reactors, which will total 2.8 gigawatts, he said. "There will be significant investment in nuclear energy," Falih said. Falih said Saudi Arabia was working on ways to connect its renewable energy projects with Yemen, Jordan and Egypt. "We will connect to Africa to exchange non-fossil sources of energy," he said, without elaborating.

Source: Egypt Independent January 16, 2017 13:24 UTC