nuclear-news

Unlikely that South Africa could fund its secretive nuclear power project

Too soon’ to assess SA on funding nuclear BD Live BY CHARLOTTE MATHEWS, 03 JUNE 2015, MOSCOW — Assumptions could not yet be made about SA’s capacity to finance its planned 9,600MW of new nuclear power because a number of other issues needed to be decided first, said Kirill Komarov, Rosatom State Corporation’s first deputy general director for development and international business.

He was speaking on the sidelines of the Atomexpo 2015 conference on nuclear technology in Moscow this week, which has attracted 1,600 delegates from 48 countries. Although Rosatom has the major role, there are speakers and exhibitors from nuclear vendor countries including France, Russia and China……..

The South African government seeks a large nuclear procurement despite doubts about its affordability. The target is to have the first reactor in commission by 2023……..

Given SA’s other spending priorities and weak economic growth, it seemed unlikely it could fund this programme in full………Rosatom had arranged financing for nuclear stations it built in Belarus, Hungary and India,……. • Rosatom sponsored Charlotte Mathews’s visit to Russia http://www.bdlive.co.za/business/energy/2015/06/03/too-soon-to-assess-sa-on-funding-nuclear

June 4, 2015 - Posted by Christina Macpherson | business and costs, South Africa