Latest News

Filters

Filter by tags: United Kingdom Rosatom South Africa Clear all tag filters

4 news articles found

The US Department of Energy’s (DOE’s) Office of Nuclear Energy has concluded the first-ever US Africa Nuclear Energy Summit (USANES) in Accra, Ghana. The summit was organised in partnership with Ghana’s Ministry of Energy and the Nuclear Power Institute of the Ghana Atomic Energy Commission. DOE said it “provided a platform for crucial dialogues and international cooperation on nuclear energy” where “participants from across the continent discussed the future of nuclear power and laid a foundation for sustainable nuclear energy growth in the region”.

Source: NEI Magazine
Date: Saturday, 11 November 2023
Original article: neimagazine.com/news/newsfirst-us-african-nuclear-summit-concludes-in-ghana-11287149

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.

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

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

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.

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