• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Peters: Too soon to price nuclear build

Mar 06 2012 15:51
Sapa
Cape Town - No details can be given on the plan to build new nuclear power stations as it is still in its early stages, Energy Minister Dipuo Peters said on Tuesday.

"To date no directive has been given on the issue of the nuclear programme," she told reporters at the launch of energy month.

She said the department is in no way uncertain of its role and responsibilities in the build programme and will release information timeously.

The government's integrated resource plan 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 recently 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".

The department disclosed on Tuesday that it anticipates the first output of nuclear power in 2023 at 1 600 megawatts.

Peters said no decision has been made on how many nuclear plants are to be built. She also denied the first plant would be built at Thyspunt in the Eastern Cape.

"An environmental impact assessment is currently under way in Thyspunt. We're not in a position to say that it has been decided."

As a member of the International Atomic Energy Agency, the country will use a standard milestone approach in its nuclear programme decision-making.

The first milestone is a decision by government to commit to a nuclear programme. A feasibility study will be released at this point.

The second milestone is an invitation for bids.

The third milestone is the commissioning of the power plants.

A presentation on Tuesday showed that various risks of a nuclear programme will be considered, including that of nuclear liability, electricity market conditions, and plant operation performance.

The department will take lessons about building high technology plants from countries like South Korea, China and Japan.
dipuo peters  |  nuclear programme

 
 
 

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
4 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...