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The South African Nuclear Energy Corporation (Necsa) has welcomed the issuing of a request for information (RFI) by the Department of Mineral Resources and Energy (DMRE) for the possible construction of nuclear power plants.
- Source: NEI Magazine
- Date: Friday, 19 June 2020
- Original article: neimagazine.com/news/newsnecsa-welcomes-south-africas-consultation-on-nuclear-new-build-7981404
South Africa's Department of Mineral Resources and Energy (DMRE) has issued a Request for Information (RFI) to enable it to assess nuclear technologies that could be considered for a national programme to build 2500 MWe of new nuclear capacity. The programme could include conventional pressurised water reactors (PWRs), small modular reactors (SMRs) or a blend of technologies.
- Source: World Nuclear News
- Date: Tuesday, 16 June 2020
- Original article: world-nuclear-news.org/Articles/South-Africa-begins-consultations-ahead-of-nuclear
The Nuclear Industry Association of South Africa (Niasa) has outlined a range of options for financing new nuclear power plants.
- Source: NEI Magazine
- Date: Saturday, 23 May 2020
- Original article: neimagazine.com/news/newssouth-africas-niasa-looks-at-nuclear-financing-and-smrs-7936871
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.
- Source: Nucnet
- Date: Wednesday, 20 May 2020
- Original article: nucnet.org/news/industry-association-proposes-financing-options-for-new-build-5-2-2020
The Nuclear Industry Association of South Africa (NIASA) has outlined six potential options for financing new nuclear power plants in the country. Last week, Mineral Resources and Energy Minister Gwede Mantashe told a parliamentary committee he would be willing to look at innovative funding options as his department begins the process to develop 2500 MWe of new nuclear capacity.
- Source: World Nuclear News
- Date: Tuesday, 19 May 2020
- Original article: world-nuclear-news.org/Articles/NIASA-sets-out-funding-options-for-South-African-n
Making a commitment to build six new EPRs in France would be an "effective stimulus" for the country's economy as it recovers in the years ahead from the shock of COVID-19, the French nuclear energy society (SFEN) wrote in a position paper published this week. Nuclear energy "ticks all three boxes" highlighted in the debate about the recovery - that investments should be in low-carbon, resilient and sovereign industries, it said.
- Source: World Nuclear News
- Date: Saturday, 16 May 2020
- Original article: world-nuclear-news.org/Articles/SFEN-Nuclear-essential-to-economic-recovery
South Africa intends to start developing a plan for a new 2500MWe nuclear power plant, Minerals Resources and Energy Minister Gwede Mantashe told parliament.
- Source: NEI Magazine
- Date: Wednesday, 13 May 2020
- Original article: neimagazine.com/news/newssouth-africa-reconsiders-nuclear-newbuild-7919721
South Africa's Department of Mineral Resources and Energy (DMRE) is to begin work on a roadmap for the procurement of 2500 MWe of new nuclear capacity. It will consider "all options" including small modular reactor (SMR) projects led by private companies and consortia, Minister Gwede Mantashe told the country's Portfolio Committee on Mineral Resources and Energy on 7 May.
- Source: World Nuclear News
- Date: Tuesday, 12 May 2020
- Original article: world-nuclear-news.org/Articles/South-Africa-announces-roadmap-to-new-build
“The development of the roadmap for the 2,500 MW nuclear new build programme will be commencing soon,” the energy ministry said in a presentation to a parliamentary committee on its plans for 2020-25.
The presentation showed South Africa wanted to complete the procurement of the new nuclear plant by 2024 but gave no indication as to when it wanted construction of the plant to start or for when the plant would come online.
Answering questions, energy minister Gwede Mantashe said on Thursday that the government would first “test the market” and hear what potential investors or consortia had to say about building new nuclear plants.
- Source: Nucnet
- Date: Saturday, 09 May 2020
- Original article: nucnet.org/news/country-is-ready-to-relaunch-nuclear-plans-says-ministry-5-5-2020
International air transport has been the main bottleneck in getting radioisotopes and nuclear medicines where they are needed during the COVID-19 pandemic, but Nuclear Medicine Europe (NMEu) says there are signs the situation is improving.
- Source: World Nuclear News
- Date: Wednesday, 29 April 2020
- Original article: world-nuclear-news.org/Articles/Air-transport-bottleneck-easing-for-medical-radioi