SA’s nuclear stealth – one way ticket to bankruptcy
South Africa looks hell bent on nuclear and the costs of such projects, as Eskom’s history suggests, could spiral and propel South Africa into bankruptcy.
South Africa looks hell bent on nuclear and the costs of such projects, as Eskom’s history suggests, could spiral and propel South Africa into bankruptcy.
The Department of Energy has announced it is sending 50 trainees from SA to China for a four-month stint in nuclear power plant operations. In March Deputy President Cyril Ramaphosa told Parliament that it was necessary to “trust” President Jacob Zuma’s promise that all nuclear deals would be open and transparent.
By Peter Fabricius Media reports this week that South African Energy Minister Tina Joemat-Pettersson and Sergey Kirienko, Director-General of Russia’s State Atomic Energy Corporation, Rosatom, had signed a US$50 billion deal for Rosatom to build up to eight nuclear power stations – and a research reactor – in South Africa caused something of a, well, atomic … Read more
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