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South African govt plans to sign more nuclear power deal

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Image result for South African govt plans to sign more nuclear power dealSouth Africa Energy ministry says the country plans to sign more transparent nuclear power agreements with five foreign countries

South Africa signed intergovernmental agreements with Russia, France, China, South Korea and the United States in 2014 as part of plans to build a fleet of nuclear power plants at a cost of between $100 billion

Many investors view the scale of the nuclear plan as unaffordable and a major risk to South Africa’s financial stability

State energy firm Eskom says nuclear power should play a role in South Africa’s energy mix and will help reduce reliance on coal.

New Finance Minister Malusi Gigaba has said the nuclear expansion will only be pursued if it is affordable.

 

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