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South Africa : SOUTH AFRICA plans selection of an international partner for nuclear power

Publish Date : 21-May-2015

During this year, South Africa plans selection of an international partner to build a series of nuclear power reactors that would probably end the regular electricity blackouts that have hobbled economic growth, informed the energy minister to the parliament on Tuesday.

Five countries like Russia, France, China, the United States and South Korea have been selected to compete for the controversial contract to build eight nuclear reactors worth up to $50 billion (45 billion euros).

Energy Minister Tina Joemat-Pettersson said, “We will commence with the actual nuclear procurement process in the second quarter of this financial year to select a strategic partner or partners in a competitive, fair, transparent and cost effective manner. We expect to present the outcome of this procurement process to cabinet by year end.”

South Africa has one nuclear power station and heavily depends upon coal for electricity generation by the state-owned power firm Eskom. The company has been in tough efforts to meet electricity demand, and rolling blackouts have become every day feature, affecting economic growth.

These reactors would likely add 9,600 megawatts of generating capacity in Africa's most industrialised economy. The first unit is expected to be ready 2023.

Joemat-Pettersson said, “South Africa has signed various inter-governmental agreements or IGAs, laying the foundation for cooperation, trade and exchange for nuclear technology as well as procurement.”

"These agreements describe broad areas of nuclear cooperation and they differ on emphasis, based on the unique needs of each country."

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