Nuclear power in Arabia: 1 of 2: Chris Gadomski. @bnefnuc Bloomberg New Energy Finance: Head of Research, Nuclear

Mar 31, 04:08 AM
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Nuclear power in Arabia: 1 of 2: Chris Gadomski. @bnefnuc  Bloomberg New Energy Finance: Head of Research, Nuclear

https://www.bloomberg.com/news/articles/2018-03-09/saudi-arabia-enlists-lobbyists-in-quest-to-build-nuclear-plants

Three law firms have filed disclosures saying they’re advising the kingdom on the issue, as American and Saudi leaders negotiate the contours of a possible nuclear technology-sharing agreement that could allow the enrichment of uranium.

The flurry of registrations underscores the high stakes in Saudi Arabia’s bid to build as many as 16 nuclear reactors over the next quarter century. Trump administration officials, eager to revive the moribund American nuclear industry, are pushing the kingdom to consider a consortium of U.S. companies for the job instead of competitors from Russia, China and other countries.

One of the law firms, Pillsbury Winthrop Shaw Pittman LLC, said in a Feb. 20 Justice Department filing that it would be billing the Saudi Arabia Ministry of Energy, Industry and Mineral Resources $890 per hour to give advice on a potential bilateral agreement with the U.S. “concerning peaceful uses of nuclear energy under Section 123 of the Atomic Energy Act of 1954” as well as “related legal matters concerning the development of a commercial nuclear program.”