Where to find R1-trillion for nuclear build?

20 March 2014

Nuclear industry expert says the state and Eskom have not resolved where to get the R1-trillion needed for the nuclear build and may have to look at models using private capital.

Compounding this is doubt on whether South Africa’s construction industry is large enough to support a nuclear build programme‚ Nuclear Industry Association of South Africa president and a director of construction group Aveng, Rob Adam, told an energy conference in Johannesburg on Tuesday.

Both President Jacob Zuma and Energy Minister Ben Martins have repeatedly committed South Africa to a nuclear build programme‚ which features prominently in the state’s Integrated Resource Plan (IRP).

Mr Zuma also committed South Africa to installing a nuclear fleet in his state of the nation address last month. These options create the possibility for the private sector to invest in the nuclear fleet.
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