• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Nuclear cost not yet clear

Feb 28 2012 14:52

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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote