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Nuclear energy, as an asset class, has the potential to report well against a wide range of Environmental, Social and Governance (ESG) data collection and accounting metrics, according to a new report from the Generation IV International Forum (GIF). This should allow nuclear energy to be considered as an investable asset class, thereby allowing nuclear companies and projects to access climate finance.

Date: Wednesday, 08 September 2021
Original article: world-nuclear-news.org/Articles/GIF-highlights-nuclear-s-ESG-attributes

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

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

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

South Africa's state-owned power utility Eskom has submitted site licence applications to build and operate nuclear power facilities at two locations. The National Nuclear Regulator (NNR) said on 15 March that it had received applications for "multiple nuclear installations (power reactors) and associated auxiliary nuclear installations" at Thyspunt in the Eastern Cape and Duynefontein in the Western Cape.

Date: Friday, 18 March 2016
Original article: neimagazine.com/news/newssouth-africa-prepares-for-newbuild-tender-4843299


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