Latest News

Filters

Filter by tags: South Africa Clear all tag filters

91 news articles found


South African power utility Eskom said was on schedule to install six new steam generators at its Koeberg nuclear power plant in 2021. The first is already in transit and expected to arrive in Cape Town later in September, Eskom noted.

Date: Friday, 18 September 2020
Original article: neimagazine.com/news/newseskom-to-install-new-steam-generators-at-koeberg-8138011

The International Atomic Energy Agency (IAEA) has released its latest projections for energy, electricity and nuclear power trends through 2050. Compared with the previous year, the 2020 projections are largely unchanged. Under the high case scenario, IAEA analysts expect an increase of global nuclear electrical generating capacity by 82% to 715 GWe. Under the low case scenario, it will fall by 7% to 392 GWe.

Date: Friday, 18 September 2020
Original article: world-nuclear-news.org/Articles/IAEA-forecasts-doubling-of-nuclear-capacity-by-205

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.  

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.

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.

Date: Saturday, 23 May 2020
Original article: neimagazine.com/news/newssouth-africas-niasa-looks-at-nuclear-financing-and-smrs-7936871

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

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.

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.

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.

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.

Date: Tuesday, 12 May 2020
Original article: world-nuclear-news.org/Articles/South-Africa-announces-roadmap-to-new-build