Renewable sources of energy needed to meet growing needs



JEDDAH: GALAL FAKKAR

Published — Wednesday 30 April 2014

Last update 30 April 2014 2:07 am

| نسخة PDF Print News | A A

Renewable energy sources, including nuclear power, are vital for the country’s future energy needs, experts said here on Tuesday.
Mahir Al-Oudan, chief of research, development and innovation at King Abdul Aziz City for Atomic and Renewable Energy, said that far from being a luxury, the use of new forms of renewable energy has become a necessity.
He was speaking at the second scientific conference organized by the department of economics and management at King Abdulaziz University.
“There are many reasons for this. Saudi Arabia consumes 3 million barrels of oil and huge quantities of gas a day for power generation and water desalination plants. On top of that, energy use grows at a rate of 6 to 7 percent every year. Some studies show that, at this rate, Saudi Arabia will consume 9 million barrels of oil a day by 2028,” he said.
“When we use atomic energy for peaceful purposes, this will create 43,000 jobs. And investment in this segment of the economy will provide a high return. I urge players in the private sector, such as banks, other lenders and investment firms to cooperate with King Abdul Aziz City for Atomic and Renewable Energy,” he said.
The session was moderated by Fawwaz Al-Alami, the former undersecretary at the Ministry of Commerce and Industry. Participants stressed the need to develop new rules and regulations for energy investments, to create incentives for the private sector.
They said the Kingdom remains one of the world’s highest consumers of oil and gas. They also called for a reduction in government subsidies for oil and gas consumers, and said that large projects in the services sector should use clean energy instead of traditional fossil fuels.
Several Saudi experts have called for the creation of a ministry of energy in the country.

What's happening around Saudi Arabia

Custodian of the Two Holy Mosques King Salman prays inside the historic Quba Mosque in Madinah. The king was accompanied by Prince Muqrin, Sheikh Abdul Rahman Al-Sudais, head of the Presidency of the Two Holy Mosques and Prince Sultan bin Salman, ch...
JEDDAH: Shop rentals at certain malls have risen by 200 percent, with this cost likely to be passed on to the consumer, the Jeddah Chamber of Commerce and Industry (JCCI) said here recently. Muhammad Al-Shehri, chairman of the JCCI’s textiles and gar...
JEDDAH: People with special needs can now visit a park that has dedicated services for them.Jeddah Mayor Hani Abu Ras opened Al-Erada Park in Al-Salama district on Prince Sultan Street on Thursday.“The Kingdom provides special care for people with di...
JEDDAH: Is involvement in social media the right thing or wrong, particularly in the month of Ramadan? There is a difference of opinion with some arguing that it eats into the time that should be spent praying while some backing it for its religious...
RIYADH: The Argentine government has thanked the Kingdom for previously hosting its Umrah pilgrims for free.“They were part of a group invited by then Custodian of the Two Holy Mosques King Abdullah,” said Ambassador Jaime Sergio Cerda on Thursday.“T...
RIYADH: The Ministry of Education’s counseling department has approved the Rifq Program for the physical and psychological well-being of students.Nabil Mohammad Al-Budair, director of counseling for boys, said the program aims to reduce violence in p...
RIYADH: Sales of fireworks at public markets and main roads in Riyadh have increased during Ramadan, despite the Ministry of Commerce and Industry announcing a SR5,000 reward for anyone providing information about warehouses storing these dangerous i...
RIYADH: The General Organization for Social Insurance (GOSI) has reported that there were 69,241 work-related accidents in 2014, with expatriates making up 65,509 or 94.6 percent and Saudis 3,732.The accidents were in nine sectors with building and c...
JEDDAH: The Health Ministry’s expenditures over the past five years increased from SR29.29 billion to SR53.73 billion, an increase of about 83 percent.According to a study detailing the ministry’s expenditures between 2008 and 2012 issued by the mini...
RIYADH: Five people from the southern Indian state of Kerala were killed in a road accident at Salwa near Dammam in the Eastern Province early Thursday morning.Manoj Kumar, community welfare attache at the Indian Embassy, told Arab News that the vict...
MAKKAH: The government has deployed eight helicopters over Makkah to track the movement of vehicles and people, and assist in security tasks and medical evacuations.Maj. Gen. Mohammad Al-Harbi, commander of the Interior Ministry’s aviation security d...
JAZAN: A Yemeni woman (A.M.) has once again experienced freedom and a renewed sense of hope in life after reuniting with her family last week on her release from Jazan General Prison, where she spent six years on charges of murder of a citizen in the...
RIYADH: A delegation from the Kingdom recently visited the United Arab Emirates (UAE) to explore that country’s successful experience in tourism, in a bid to further develop the sector. Saudi Arabia has been making all-out efforts to promote tourism,...
RIYADH: The Justice Ministry has appointed 1,145 candidates for jobs in the judiciary and urged them to complete the requirements for their final appointment. The candidates in the sixth and fourth ranks are requested to fulfill employment prerequisi...
JEDDAH: Four thousand Djibouti workers are expected to arrive in the Kingdom over the next few months following the labor pact signed between the two countries last month.Speaking to a local publication recently, Djibouti Ambassador Diaa Eddin Saeed...

Stay Connected

Facebook