Kaeri in $130m deal to export small reactors to Saudi ArabiaThe state-run Korea Atomic Energy Research Institute (Kaeri) reached a more detailed contract with its Saudi Arabian counterpart on Wednesday to export Korean-made small-size nuclear
reactors. The contract was a follow-up measure after President Park Geun-hye’s visit to the country in March, where she made a deal to export the two units to the country and jointly sell it to nearby Middle East countries.
The system-integrated modular advanced reactor, known as SMART, is a small 100,000-kilowatt nuclear reactor one-tenth the size of typical nuclear reactors. The two countries will invested a total of $130 million over two years.
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