New nuclear agreements to be signed in June | Fin24
 
  • Peter Moyo

    The ex-Old Mutual boss has been treated badly, but is still overplaying his hand, says Ferial Haffajee.

  • 'Nosedive'

    We don't use fake parts, says South African Airways, after mid-air 'jolt'.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

New nuclear agreements to be signed in June

May 14 2017 13:38
Paul Vecchiatto, Bloomberg News

Johannesburg - South Africa will sign standardised agreements with the US, China, South Korea, France and Russia, Energy Minister Mmamoloko Kubayi said.

The government decided not to appeal a court ruling that its nuclear-energy construction programme was unconstitutional, possibly delaying plans to expand the continent’s only atomic power fleet.

South Africa had signed accords with the US, China, South Korea, France and Russia to possibly use suppliers in those countries to build nuclear plants to generate as much as 9 600 megawatts of electricity, about a fifth of current generation capacity.

READ: SA's nuclear procurement process to start afresh - Kubayi

“We will sign new and standardised agreements with the five countries and this should start in June,” Kubayi told reporters on Saturday in Pretoria.

The Western Cape High Court on April 26 ordered the government to hold public hearings and a parliamentary debate on the nuclear program, which may cost as much as R1 trillion ($75bn). It also set aside a 2015 decision to acquire new nuclear capacity. President Jacob Zuma has championed the building of as many as eight reactors from 2023, a plan opposition parties say is mired in corruption.

Civil-rights groups including Earthlife Africa and the Southern African Faith Communities’ Environment Institute said the government ignored due process in approving the plants, and sued to halt their construction. The Energy Ministry’s own research shows additional nuclear power probably won’t be needed until 2037. The country has two reactors at its Koeberg facility that came online in the 1980s.

“Nuclear remains a core component of government’s energy mix that includes renewables,” Kubayi said. “However, all our processes will now be in line with the constitution and open and transparent as we don’t want to be in court every week.”

Read Fin24's top stories trending on Twitter:

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

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

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...