• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Nuclear cost not yet clear

Feb 28 2012 14:52 Sapa

Related Articles

SA plans to up nuclear funding

SA's ties to Iran under scrutiny

Attacks deepen Iran nuclear puzzle

China blasts EU sanctions on Iran

IAEA reviews Japan’s nuclear tests

EU set to slap oil embargo on Iran

 

Cape Town - The R300bn allocated in the Budget for building new nuclear power plants is not the final amount for the project, Energy Minister Dipuo Peters said on Tuesday.

"I think that the amount of money that has been allocated... for the nuclear build is not a thumb-suck, and we don't actually think that is the end amount, but we believe that it is the beginning," she said.

Responding via video-link to questions posed during a media briefing in Cape Town, she declined to give further information on the specifications or tenders for the nuclear plants.

I don't want to pre-empt the work of [the government's] nuclear energy co-ordinating committee," Peters said.

The media would be kept informed once this information was available.

The government's integrated resource plan (IRP) aims to boost electricity base load in South Africa by scaling up the nuclear output to 9.6 Gigawatts.

According to the Treasury's 2012 Budget Review, tabled last week by Finance Minister Pravin Gordhan, the target date for achieving this is 2029.

According to the Review, the nuclear build project is "in the final stages of consideration before [a] financial proposal can be determined".

dipuo peters  |  budget 2012

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...