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South Africa : African Development Bank to support South Africas bid to procure nuclear energy
Publish Date : 13-Apr-2016
The President of the African Development Bank, Akinwumi Adesina, has announced his support for South Africas bid to procure nuclear energy.
During a visit to South Africa on Friday, Adesina voiced his opinion saying most countries are using nuclear energy and there is no reason why South Africa should not be using it. Adesina visited the country to witness the progress made on the US$1.6 billion the bank has invested in the Medupi Power Plant, part of the US$3.6 billion it has invested in South African electricity utility, Eskom.
South Africa has determined what its energy mix is and that was determined in Cop 21 in Paris. That energy mix includes reducing a lot of its share in coal from the current rate of about 95 per cent down to about 60 per cent and itll increase its share in nuclear from about 9 per cent to 23 per cent. Every country decides what its energy mix is and I think South Africa is going on a very important direction because you need to have stable, affordable, electricity, added Adesina.
Adesina said, over the next five years the African Development Bank will be investing an additional US$12 billion into Africas energy sector.
Adesina added, Seeing this Medupi plant makes me very proud of South Africa. Im also proud to be an African. To have a country that generates the largest coal fire plant in the world is incredible just to see. It allows South Africa to be able to export five per cent of its energy to other countries like Lesotho, Botswana, Swaziland and so on.
According to Adesina, the African Development Bank has listed out five priorities in order to support Africa advance in its development, the most important one being to light up and power Africa. Additionally, the bank seeks to feed Africa (through agriculture), integrate the continent, industrialise it and improve the quality of life for its people.
