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Russia keenly promoting ?unaffordable nuclear power to Hungary, South Africa

Russian-Bearflag-S.AfricaRUSSIA COULD SCORE BIG IN SA, HUNGARY’S NUCLEAR EXPANSION PLANS, EyeWitness News, 22 Apr 16  Lobbyists are challenging the legality of SA’s proposed 9,600 megawatt nuclear build programme. Rahima Essop  BUDAPEST – Russia could benefit in both South Africa and Hungary’s nuclear expansion plans, but there are procurement and legal hurdles.

Environmental lobbyists are challenging the legality of South Africa’s proposed 9,600 megawatt nuclear build programme before government opens the tender process.

At the same time, the European Commission is probing whether Hungary’s decision to award a contract to Russia to build two new nuclear reactors was in line with its procurement regulations.

Eighty percent of the financing for the Hungarian project would be covered by a loan from Russia, to be paid off over 21 years at a stepped interest rate…….

In South Africa, opposition politicians are concerned government’s nuclear build programme is not affordable and will plunge the country deeper into debt.

Russian atomic energy company, Rosatom has said it’s open to help finance the project, if it’s selected as the preferred bidder.

However, it’s unclear when Energy Minister Tina Joemat-Pettersson will call for quotes for the tender.

Rosatom has sponsored a press trip to Hungary to showcase its capacity to build power plants across the globe…….http://ewn.co.za/2016/04/22/Russia-could-score-big-in-SA-Hungarian-nuclear-deal-plans

April 23, 2016 - Posted by | marketing of nuclear, Russia

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