Small reactors top nuclear agenda
25 August 2023
This package also includes: Mena pushes for nuclear future

Small modular reactor (SMR) solutions could offset concerns about capital expenditure, construction delays and spent-fuel reprocessing that large-scale nuclear power plants present.
SMRs are advanced nuclear reactors that have a power capacity of up to 300MW a unit, which is about one-third of the generating capacity of traditional nuclear power reactors, according to the International Atomic Energy Agency.
They can be factory-assembled, transported and installed in locations not suitable for larger nuclear power plants, such as industrial zones or remote areas with limited grid capacity. This makes them more affordable and easier to build than large reactors.
So far, there are only two advanced SMR installations globally, one in China and the other in Russia. The US’ NuScale is also working towards deploying its first modules in Idaho.
Saudi Arabia and Jordan have been considering deploying SMR solutions as part of their nuclear power programmes.
In 2020, King Abdullah City for Atomic & Renewable Energy (KA-Care) and South Korea’s Science & ICT (Information & Communication Technology) Ministry set up a joint venture to undertake the commercialisation and construction of South Korea’s system-integrated modular advanced reactor technology in the kingdom with the help of Korea Hydro & Nuclear Power.
Nuclear energy is having a revival moment as a recognised part of climate mitigation
Karen Young, Centre on Global Energy Policy, Columbia University
Seeking partners
Jordan, for its part, signed an agreement with Russia for the construction of two 1,000MW reactors in 2015, but the project was cancelled three years later.
Jordan is now considering small nuclear reactors and is talking to potential partners including Russia, South Korea, France and the UK to determine the optimal technical specifications and how to adapt the reactors to the Jordanian environment, Khaled Toukan, chairman of the Jordan Atomic Energy Commission, said in April.
Jordan hopes to use small nuclear reactors for water desalination and power production.
“We have done all the studies,” Toukan said at the time. “The infrastructure is in place, and studies on site selection and the provision of cooling water are in place. Now, we are comparing technologies and we want to get the go-ahead from the government.”
According to Karen Young, a senior research scholar at the Centre on Global Energy Policy at Columbia University in the US, “nuclear energy is having a revival moment as a recognised part of climate mitigation”.
She says: “We simply do not have other ways of ramping up non-carbon energy production as easily. Technology innovations in SMRs, among others, make this look like a more viable option.”
However, SMRs are as yet unproven, points out Paddy Padmanathan, co-founder and vice-chairman of green hydrogen firm Zhero. He adds that solar and wind projects with battery energy storage systems cost significantly less, despite the subsidies some governments allocate to nuclear power plant projects.
We simply do not have other ways of ramping up non-carbon energy production as easily
Spent fuel
Regardless of a nuclear plant’s size, the storage or reprocessing of the resulting highly radioactive solid waste is a key safety and environmental concern.
Nuclear reactors require ceramic pellets of low-enriched uranium oxide. These are stacked vertically and encased in metallic cladding to form a fuel rod. The fuel rods are bundled into fuel assemblies that are placed into the reactor.
The fuel pellets remain in the reactors for five or six years of operation, or until the fission process uses up the uranium fuel.
The US, which generates about 2,000 tonnes of spent fuel a year, stores the solid waste across 70 reactor sites in the country. Research and development into how to recycle spent fuel, or to design advanced reactors that could consume it, is also under way.
With 58 nuclear power plants generating over 70 per cent of its electricity, France produces nearly 1,150 tonnes of spent fuel a year. Unlike the US, France recycles spent fuel through a process that converts spent plutonium – formed in nuclear power reactors as a by-product of burning uranium fuel – and uranium into a mixed oxide that can be reused in nuclear plants to produce more electricity.
In Iran, meanwhile, the policy at the 1,000MW Bushehr reactor entails cooling down spent fuel in an onsite pool, a process that takes at least five years. It is then transported in steel cylinders that are welded closed to a central storage location in the country’s Anarak region.
UAE policy
The UAE government is developing a long-term storage policy for spent fuel from its Barakah nuclear power plant, the first reactor of which began producing electricity in 2021. The current plan involves placing the fuel assemblies in concrete and steel-lined cooling pools located at the Barakah plant, after which they will be stored in dry casks either on site or at a long-term storage facility.
According to Emirates Nuclear Energy Corporation, the UAE still has plenty of time to make decisions about spent-fuel management, as the first batch of nuclear fuel will be stored for 20-30 years in the spent-fuel pool.
Exclusive from Meed
-
Saudi Arabia battery storage awards provide fresh lift24 August 2026
-
Qatar receives bids for major power grid expansion24 August 2026
-
Maaden closes $1bn term loan and credit facility24 August 2026
-
Dubai inflation slows to 5.3% in July24 August 2026
-
Libya oil project on track for 2027 completion24 August 2026
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Saudi Arabia battery storage awards provide fresh lift24 August 2026
Commentary
Mark Dowdall
Power & water editorThe latest battery storage awards provide a welcome injection of investment into Saudi Arabia’s power market, which has seen a sharp slowdown in contract awards this year.
Saudi Power Procurement Company’s four Group 1 storage service agreements, announced last week, are worth more than $1.16bn and cover 2,000MW of capacity.
That is significant against the wider market. According to regional project tracker MEED Projects, Saudi Arabia recorded $19.7bn in power sector contract awards in the first seven months of 2025, compared with just $2.5bn in new awards in the same period this year.
The battery energy storage system (bess) awards therefore account for a sizeable share of the activity recorded so far this year and provide a much-needed source of new contracting activity.
Importantly, this is not a one-off. SPPC issued the request for proposal (RFP) for its second group of bess projects in July, covering six projects with a combined capacity of 3,000MW and 12,000MWh.
With the Group 1 tender taking around 18 months from RFP to contract award, it is reasonable to expect Group 2 contracts to be signed in 2027.
At the same time, the awards for six independent renewable plants under Round 7 of Saudi Arabia’s National Renewable Energy Programme (NREP), with a combined capacity of 5,300MW, are also likely to move into next year, with the latest bid deadlines now extending into September.
Although a substantial pipeline remains in procurement, it is only once these projects move from tender to award and into construction that this pipeline translates into market activity.
It is important that these tenders continue to progress at the pace established by the early rounds of Saudi Arabia’s renewable energy programme and now also SPPC’s independent storage provider bess scheme.
https://image.digitalinsightresearch.in/uploads/NewsArticle/18962923/main.jpg -
Qatar receives bids for major power grid expansion24 August 2026

Qatar General Electricity & Water Corporation (Kahramaa) has received bids for several packages under a major power transmission expansion project tendered in April.
The project covers new substations at multiple voltage levels, as well as the supply and installation of 400kV extra-high-voltage power cables. The overall scheme is estimated to cost $650m.
It is being tendered as part of Kahramaa’s 2026 procurement plan, which includes 198 tenders with a total estimated value of QR21.4bn ($5.9bn).
According to sources, bids were submitted for the following packages on 20 August:
- Substation packages S1 and S2, covering new 132/11kV substations (estimated cost: $200m)
- Package S3, covering new 66/11kV substations ($50m)
- Package S4, including a new 400/220/132kV substation, as well as upgrades and modifications to existing 400kV and 220kV substations ($200m)
- Package S5, covering new 132/11kV substations and upgrades to existing 132kV and 66kV substations ($100m)
- Cable packages C1 and C2, covering 400kV cables ($100m)
Kahramaa previously stated that foreign companies not registered in Qatar would be allowed to participate in the bidding, subject to meeting specified conditions, including registration and certification requirements.
In June, the electricity and water utility awarded contracts worth more than QR2.2bn ($604m) to expand the electricity transmission network in the country’s western region.
The engineering, procurement and construction (EPC) works will support the integration of the 2GW Dukhan solar power project into Qatar’s national electricity grid. The scope includes new and upgraded substations, as well as the installation of underground cables and overhead transmission lines.
Kahramaa said contracts were awarded to local firm Voltage Engineering, Turkiye’s Best & Betas Consortium, India’s Larsen & Toubro and South Korea’s LS Cable.
Of Kahramaa’s 2026 procurement plan, electricity transmission projects account for QR8.9bn ($2.4bn) and include the construction of new 400/132kV substations in Al-Wukair and Al-Mashaf, as well as the expansion of 400kV substations at Ras Laffan.
These also cover the installation of 132kV underground cables between Al-Sailiya and Al-Rayyan over a 24-kilometre route, as well as upgrades to the 400kV and 220kV networks.
Additionally, there are 64 planned electricity distribution projects managed by the Electricity Distribution Department that cover the medium-voltage and low-voltage networks throughout Doha and the regional municipalities.
https://image.digitalinsightresearch.in/uploads/NewsArticle/18962223/main.jpg -
Maaden closes $1bn term loan and credit facility24 August 2026
Saudi Arabian Mining Company (Maaden) has announced the closing of its inaugural international syndicated term loan and revolving credit facilities, worth a total of $1bn.
The $500m international term loan facility will support Maaden’s growth agenda and general corporate purposes, including funding growth projects across its portfolio.
The $500m international revolving credit facility, which is expected to remain undrawn, provides additional committed funding capacity “as Maaden continues to scale its business and execute its long-term growth strategy”.
The transaction “was met with strong support from the international banking market, attracting participation from a diverse group of leading international banks across key global financial markets”, including the US, Canada, Europe, China and Japan. The facilities were oversubscribed, Maaden said.
ALSO READ: Maaden and Aramco sign deal to create joint venture
“The level of demand reflects the global banking community’s confidence in Maaden’s financial strength, strategic direction and ambitious growth plans,” the Saudi state miner said in its statement.
“The facilities mark another significant milestone in Maaden’s funding journey – further diversifying its sources of funding and broadening its access to global capital providers as the company continues to advance its long-term growth ambitions.
“Maaden continues to make significant progress across its growth pipeline, expanding production, advancing major projects and accelerating exploration as it builds a world-class mining company at the heart of Saudi Arabia’s economic transformation.”
https://image.digitalinsightresearch.in/uploads/NewsArticle/18962086/main4516.jpg -
Dubai inflation slows to 5.3% in July24 August 2026
Dubai’s annual inflation rate slowed to 5.3% in July, down from 5.7% in June, as a decline in transport costs eased pressure on consumer prices, according to Emirates NBD.
The bank said the slowdown supported its view that price growth peaked at mid-year, and it expects inflation to continue easing through the rest of 2026. Monthly price growth slowed to 0.1% in July, from 0.4% in June, the weakest pace since February.
Transport was the clearest sign of the moderation. Annual price growth in the category slowed to 11.9% in July, from 18.1% in June, as transport costs fell 3.7% over the month. Fuel and lubricant inflation eased to 24.1% year on year, from 48.3%, tracking a decline in local petrol prices.
Petrol remains the main swing factor in the emirate’s inflation. Transport contributed 1.1 percentage points to headline inflation in July, down from 1.7 percentage points in June. Emirates NBD said the relief may prove temporary, with Super 98 petrol prices climbing 5.9% in August to leave them 33.8% higher than a year earlier. The bank expects headline inflation to edge higher in the August figures before easing again later in the year.
The UAE deregulated petrol and diesel prices in 2015 and reviews them monthly against global prices, meaning changes in global fuel costs pass through to consumers quickly. Transport, which includes fuel, accounts for 9% of Dubai’s consumer price index basket.
Housing remained the largest contributor to inflation even as its impulse faded. Housing and utilities, which account for about two-fifths of the basket, added 2.8 percentage points to headline inflation. Annual price growth in the category slowed to 7.0%, from 7.4% in January.
Food inflation edged up to 7.8% year on year, from 7.6% in June, which the bank attributed to lingering supply-chain disruption from the regional conflict. Inflation in restaurants and hotels accelerated to 4.5% year on year, from 1.7% in June.
Emirates NBD forecasts inflation of 2.9% by year-end but said risks to that projection were tilted to the upside, given lingering pressures in food and housing.
https://image.digitalinsightresearch.in/uploads/NewsArticle/18961735/main1839.jpg -
Libya oil project on track for 2027 completion24 August 2026

The project to develop a workers’ camp at Libya’s Erawin oil field is on track for completion next year, according to industry sources.
The project, estimated to be worth about $50m, is being executed by the Libyan oil services company Al-Saraya Al-Hamara, headquartered in the city of Sebha.
The Libyan company was awarded the contract in February 2025.
The scope of the project includes:
- Construction of an accommodation camp
- Construction of the camp maintenance warehouse
- Construction of the camp office
- Construction of a fire brigade shelter
- Construction of a kitchen and mess hall
- Construction of a mosque
- Construction of a laundry room
- Construction of a clinic
- Construction of parking facilities
- Installation of a fire and gas system
- Installation of a power generator
- Construction of associated facilities
The client on the project is Zallaf Libya Oil & Gas Exploration & Production Company.
Zallaf Libya Oil & Gas Exploration & Production Company was established in Libya in 2013 and is wholly owned by Libya’s state-owned National Oil Corporation.
The Erawin field development project is located about 800 kilometres south of Tripoli and 100km southwest of the El-Sharara field.
Libya shipped its first cargo of crude from the Erawin oil field in November 2023.
The shipment departed from Libya’s Zawiyah port and consisted of 600,000 barrels of crude.
Australia-based Worley Parsons was appointed as the front-end engineering and design (feed) contractor for the early production facility project in 2019.
https://image.digitalinsightresearch.in/uploads/NewsArticle/18953632/main.jpg