Share

Time runs out for SA reactor

Cape Town - The future of developing South Africa's pebble-bed nuclear reactor technology by the PBMR company is, according to the Solidarity union, hanging by a thread because of insufficient funding.

Solidarity issued a statement to say that PBMR chief executive Jaco Kriek told staff in December that it seemed government would not make more money available for the project. He apparently also told employees there was sufficient money to continue with the project only until April this year.

According to Solidarity, Kriek warned employees that large-scale retrenchments could follow because of the lack of finance.

PBMR spokesperson Tom Ferreira confirmed that government was currently reviewing its plans for the PBMR, in collaboration with Eskom and the Nuclear Energy Corporation of South Africa.

Ferreira says the PBMR's shareholders (the state, Eskom, the Industrial Development Corporation and the American group Westinghouse) are considering various options, but no decision can be taken in isolation from government's broad nuclear power plan.

According to Solidarity spokesperson Jaco Kleynhans, the situation at de PBMR is already looking precarious because the company is currently having to manage with R40m less a month. Most of the company's fixed-term contractors were informed earlier this month that their contracts were being cancelled.

Kriek previously informed Sake24.com that contracts with suppliers in Germany, Spain and Japan for delivery of components for the first demonstration plant at Koeberg had been suspended and that construction of the plant would probably be deferred for two years.

Kleynhans said government had a responsibility to stick to the project because it had committed itself to nuclear power in the nuclear energy policy approved in June 2008, and because this technology is one of South Africa's biggest national assets.

Solidarity is concerned about losing the critical skills of highly trained scientists. The union knows of several experts at the facility who are considering offers from overseas in light of the uncertainty.

- Sake24.com

For more business news in Afrikaans, go to Sake24.com.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.23
-0.3%
Rand - Pound
23.91
-0.3%
Rand - Euro
20.48
-0.4%
Rand - Aus dollar
12.31
-0.1%
Rand - Yen
0.12
-0.6%
Platinum
951.10
+0.1%
Palladium
1,030.00
+0.1%
Gold
2,385.35
+0.3%
Silver
28.31
+0.3%
Brent Crude
87.11
-0.2%
Top 40
67,190
+0.4%
All Share
73,271
+0.4%
Resource 10
63,297
-0.1%
Industrial 25
98,419
+0.6%
Financial 15
15,479
+0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders