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Global nuclear marketers salivating at prospect of selling nukes to South Africa

SA could start nuclear procurement process again as soon as next month
The chairperson of the Necsa, speaking at the World Nuclear Association conference in London, says the politicians just have ‘to press the re-start button
’ Business Live 15 SEPTEMBER 2017  ALEXANDER WINNING LONDON —SA could re-start a procurement process for its nuclear expansion project as soon as next month, but the government still has to determine the exact timing, the chairperson of the South African Nuclear Energy Corporation (Necsa) said on Friday.

SA is planning to build several new nuclear reactors with a combined capacity of 9,600MW, which could be one of the world’s biggest nuclear deals in decades. The plans aim to help resolve the country’s chronic power shortages.

The plans were disrupted this year when SA’s High Court ruled that a nuclear co-operation pact with Russia was unlawful, after which the government started to draw up new pacts with countries with nuclear expertise. South African officials have made progress on the nuclear project since the court ruling, selecting potential sites for the new power stations, Necsa chairperson, Kelvin Kemm told Reuters.

Speaking on the sidelines of the World Nuclear Association conference in London, he said Eskom and Necsa were ready to proceed. “All that needs to happen is for the politicians to press the re-start button.”…….

Nuclear reactor makers, including Russia’s Rosatom, South Korea’s Kepco, France’s EDF and Areva, Toshiba-owned Westinghouse and China’s CGN are eyeing the South African project, which could be worth tens of billions of dollars.

A senior executive from Russian state firm Rosatom told Reuters on Thursday his firm was keen to win the contract and was ready to use a business model suitable to SA…….

Zuma’s opponents have said the project could be used as a conduit for corruption, a charge the president and officials deny. Some investors say the project is too big and expensive for a developing economy, such as SA.

Kemm said all top nuclear reactor makers were still in the running for the project and that he hoped a firm contract with a foreign partner would be signed next year. SA aimed to achieve 50% local input to the project to lift the economy, he said, adding that ordering several plants at once should help bring down costs. https://www.businesslive.co.za/bd/national/2017-09-15-sa-could-start-nuclear-procurement-process-again-as-soon-as-next-month/

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September 16, 2017 - Posted by | marketing, South Africa

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