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South Africa Dept of Energy to press on woth nuclear power despite huge costs

scrutiny-on-costsDepartment of energy presses ahead with nuclear, Business Day Live, BY BEKEZELA PHAKATHI,  10 MAY 2016 THE Department of Energy said on Monday it was still confident of conducting a successful nuclear-procurement process.

SA is aiming to install 9,600MW of nuclear power within the next 15 years to tackle the electricity shortages. However, the cost of the project, estimated at about $100bn, continues to be a major budgetary headache for government.

Earlier this year, the Treasury put brakes on nuclear spend, putting more emphasis on gas and smaller coal-fired power stations to attend to the electricity crisis. It said in its budget review that the nuclear energy newbuild programme would proceed after a “thorough and transparent tender process”.

There have been reports that the Treasury’s reluctance to sanction the procurement of the new nuclear power stations was one of the major reasons behind the sacking of Nhlanhla Nene as finance minister in December.

The National Nuclear Regulator expects to finalise a decision by 2018 on Eskom’s two new site licence applications.  ……

May 11, 2016 - Posted by | politics, South Africa

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