nuclear-news

Nuclear programme could set south Africa back trillions of rand.

‘SA’S INVESTMENT IN NUCLEAR ENERGY A GROSS MISCALCULATION’ http://ewn.co.za/2016/05/24/SAs-investment-in-nuclear-energy-is-gross-miscalculation

Kumi Naidoo explained that South Africa’s nuclear ambitions could set the country back trillions of rand. Natalie Malgas CAPE TOWN – Former Green Peace International Executive Director, Kumi Naidoo, has described government’s investment in nuclear energy as a “gross miscalculation which it can’t afford”.

Speaking at an energy conference in Cape Town yesterday, Naidoo explained South Africa’s nuclear ambitions could set the country back trillions of rand.

Naidoo added nuclear energy is not likely to solve the country’s power crisis.

“So, right now the price has increased to $1.5 trillion. We’re losing a lot of opportunity cost here. It will take us so much longer to actually get the energy that we need because it’s too expensive, compared to other forms of energy.”

May 25, 2016 - Posted by Christina Macpherson | general