Monday, September 22, 2014

S.Africa signs 9.6 GW nuclear power deal with Russia

International new builds increasingly seem like a Russia, China and South Korea thing - mainly the first two if financing is part of the package.


UPDATE 1-S.Africa signs 9.6 GW nuclear power deal with Russia | Reuters:

(Reuters) - South Africa signed a $10 billion nuclear power cooperation deal with Russia on Monday that paves the way for the building of up to 9.6 GW of nuclear power based on Russian technology by 2030, both sides said.
The surprise announcement from the sidelines of a International Atomic Energy conference in Vienna suggests Pretoria is moving ahead with its plans for nuclear power, despite concerns over funding.
"This agreement opens up the door for South Africa to access Russian technologies, funding, infrastructure, and provides proper and solid platform for future extensive collaboration," South African energy minister Tina Joemat-Pettersson said in the statement.
Read the entire article at Reuters

More, from Rosatom

Russia and South Africa signed the agreement on strategic partnership in nuclear energy
The Agreement lays the foundation for the large-scale nuclear power plant (NPP) procurement and development programme of South Africa based on the construction in RSA of new nuclear power plants with Russian VVER reactors with total installed capacity of up to 9,6 GW (up to 8 NPP units). These will be the first NPPs based on the Russian technology to be built on the African continent. The signed Agreement, besides the actual joint NPP construction, provides for comprehensive collaboration in other areas of nuclear power industry, including construction of a Russian-technology based multipurpose research reactor, assistance in the development of South-African nuclear infrastructure, education of South African nuclear specialists in Russian universities and other areas.
...
According to Tina Joemat-Pettersson, “South Africa today, as never before, is interested in massive development of nuclear power, which is an important driver for the national economy growth. I am sure that cooperation with Russia will allow us to implement our ambitious plans for the creation by 2030 of 9,6 GW of new nuclear capacities based on modern and safe technologies. This agreement opens up the door for RSA to access Russian technologies, funding, infrastructure, and provides proper and solid platform for future extensive collaboration.”

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