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Government appears to favour ‘Boot’ model alread used by Russia Koeberg, near Cape Town, is the only commercial nuclear power station in South Africa. The Nuclear Industry Association of South Africa (Niasa) has proposed six possible funding options for new nuclear, but government officials have suggested the most likely is a “build, own, operate and transfer” (Boot) model similar to that used by Russia for project including Akkuyu in Turkey.

Niasa told Engineering News that the very high proportion of the cost of energy that comes from the repayment of capital means interest rates will be fundamental to the viability of any new nuclear project in South Africa.

The association said real interest rates – which are adjusted for inflation – on state debt could be in the range of 2% to 3%, while real interest rates on high risk equity finance could vary from 10% to 15%. It said this explains why some new nuclear projects such as state-supported projects in China could be very competitive while others, such as the private equity funded Hinkley Point C in the UK, needed some kind of state guarantee such as long-term power purchase agreements.

Niasa identified six financing options that could be used to fund a new nuclear programme. The first was state funding for the entire project or state provided sovereign loan guarantees using reserves and cash flows from state-owned companies, as was the case with the United Arab Emirates’ Barakah project.

Date: Wednesday, 20 May 2020
Original article: nucnet.org/news/industry-association-proposes-financing-options-for-new-build-5-2-2020

GE Steam Power expects "stable demand" for nuclear power generation over the next 10 years as "the only powerful source of electricity without carbon dioxide emissions", its CEO, Michael Keroullé, said in an interview this week with Strana Rosatom, the newspaper of the Russian state nuclear corporation.

Date: Thursday, 01 August 2019
Original article: world-nuclear-news.org/Articles/Partnerships-key-to-nuclear-growth-says-GE-Steam

A group of 28 Vietnamese students on 13 February became the first international graduates of a course on nuclear technology at Russia's National Research Nuclear University MEPhI (NRU-MEPhi). The six-year course is part of a programme supported by Russian state nuclear corporation Rosatom. The number of foreign students enrolled at NRU-MEPhI has increased significantly, with half of them coming from countries where Rosatom is building NPPs, such as Finland, South Africa, Turkey and Vietnam.

Date: Wednesday, 01 March 2017
Original article: neimagazine.com/news/newsproblems-for-vietnamese-nuclear-students-5752121

A group of 28 Vietnamese students have become the first international graduates of a course on nuclear technology at Russia's National Research Nuclear University MEPhI. The six-year course is part of a program supported by Russian state nuclear corporation Rosatom.

Date: Thursday, 23 February 2017
Original article: world-nuclear-news.org/Articles/Vietnamese-students-complete-Russian-training


Russian state nuclear corporation Rosatom in 2016 will contribute RUB24.6m ($300,000) from its state budget allocation to the International Atomic Energy Agency's (IAEA's) International Project on Innovative Nuclear Reactors and Fuel Cycles (INPRO project), according to a Russian government directive published on the official legal information portal. The directive says Rosatom and the Russian Foreign Ministry will monitor the use of the Russian contribution.

Date: Thursday, 28 January 2016
Original article: neimagazine.com/news/newsrussia-contributes-to-iaea-inpro-project-4795612