SA’s proposed $100bn Nuclear Fleet – driven by arrogance or ignorance?
Why bet $100bn the country simply doesn’t have on nuclear, which only hits the grid in 8 years at which time who knows how cheap renewable power might be?
Why bet $100bn the country simply doesn’t have on nuclear, which only hits the grid in 8 years at which time who knows how cheap renewable power might be?
As the cost of renewable power generation is plunging, SA’s Government is pushing Eskom into an outdated agenda of “baseload” from nuclear and coal.
Africa’s under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent’s crippling electricity void, a shift that should boost economies and small-cap energy firms.
The IEA, having worked closely with the Government, believes SA is moving more rapidly than most in developing its potentially huge shale gas resources.
JOHANNESBURG (Reuters) – South Africa’s nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday. The Russian atomic agency Rosatom issued a statement on Monday saying that it had signed a … Read more
In this focused discussion on renewable energy, Paul Semple of Futuregrowth explains why his company has lent more than R4bn to 19 South African projects – and explains why renewable energy will deliver cheaper electricity into the national grid than Eskom’s new coal-fired power stations. But he frets that this is the trough for renewable … Read more