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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
Bulgaria is seeking private investors to build the Belene NPP, which was cancelled in 2012, Prime Minister Boiko Borisov said on 11 May during a phone call with Russian President Vladimir Putin, Reuters reported. Bulgaria cancelled the project after failing to find foreign investors and under pressure from Brussels and Washington to limit its energy dependence on Russia. Since then Bulgaria has opened a gas link with Romania and is working to connect its gas network with Greece, Turkey and Serbia to diversify its suppliers.
- Source: NEI Magazine
- Date: Monday, 15 May 2017
- Original article: neimagazine.com/news/newsbulgarias-belene-project-refuses-to-die-5813589