“Saudi Arabia plans to construct 16 nuclear power reactors over the next 20 to 25 years at a cost of more than $80 billion … and is not interested in diverting nuclear technology to military use.” In March, Saudi Arabia plans to announce who will be awarded the multibillion-dollar contract for the construction of the nuclear reactors; one of the possible contenders is U.S.-based Westinghouse (which is owned by Toshiba). According to The Washington Post, this “poses a thorny choice between promoting U.S. companies and fighting nuclear proliferation. If the administration wants to boost the chances of a U.S. consortium led by Westinghouse, it may need to bend rules designed to limit nuclear proliferation in an unstable part of the world. That could heighten security risks and encourage other Middle Eastern countries to follow suit.” Some are arguing against the weakening of these standards, saying that it’s not worth it to trade the safety risks associated with nuclear material for possible short-term economic gains.
Seeking Alpha 23rd Feb 2018 read more »