RIYADH: Saudi Arabia is about to determine the winner of the presentation of the technical advice bid for its first nuclear power program, Banking sources told CNBC Arabia.
King Abdullah City for Atomic and Renewable Energy, the government agency responsible for implementing the Saudi nuclear program, has been studying the offers from four bidders, Deloitte, EY, HSBC, and PwC.
EY may be the closest to winning the deal after offering the lowest price among advanced companies, sources added.
Saudi Arabia intends to become a leader in renewable energy by building 16 nuclear reactors by 2030, estimated to cost more than $100 billion with a combined capacity of 22GW.