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China joins the throng trying to flog off nuclear reactors to South Africa

China becomes latest country to sign SA nuclear accord http://www.moneyweb.co.za/moneyweb-south-africa/china-becomes-latest-country-to-sign-sa-nuclear-ac  Kevin Crowley, Bloomberg| 09 November 2014

Deal signed by Energy Minister Tina Joemat-Pettersson and her Chinese counterpart Wu Xinxiong.— South Africa, the continent’s second- largest economy and biggest power producer, signed a nuclear cooperation accord with China following similar agreements with Russia and France.

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The framework agreement, which is a precursor to procurement, was signed by South Africa Energy Minister Tina Joemat-Pettersson and her Chinese counterpart Wu Xinxiong, the Pretoria-based Department of Energy said today in an e-mailed statement.

South Africa is planning agreements with other countries including Japan as it decides how best to procure as many as 9,600 megawatts of nuclear energy by 2030. The country, which through its state-owned utility has installed capacity of about 42,000 megawatts, is struggling to meet power demand and on Nov. 2 had rolling blackouts, a consequence of decades of underinvestment in generation.

Companies that have expressed interest in building nuclear power plants in South Africa include France’s Areva SA and Electricite de France SA, Westinghouse Electric Corp., a unit of Japan’s Toshiba Corp., Russia’s Rosatom Corp., China Guangdong Nuclear Power Holding Corp. and Korea Electric Power Corp.

November 10, 2014 - Posted by | marketing of nuclear, South Africa

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