http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.03Change: -0.04
R/$ = 10.69Change: -0.04
Au 1283.56 $/ozChange: -3.62
Pt 1423.00 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Nov 13, 2008

Areva makes case for early nuclear decision as Eskom shows caution

Back
 
Johannesburg|Africa|Eskom|Nuclear|Toshiba|Water|Africa|India|South Africa|United States|Energy|Equipment|Manufacturing|Nuclear|Andrew Etzinger|Power|Water|Yves Guenon
|Africa|Eskom|Nuclear|Water|Africa||Energy|Equipment|Nuclear|Power|Water|
johannesburg|africa-company|eskom|nuclear-company|toshiba|water-company|africa|india|south-africa|united-states|energy|equipment|manufacturing|nuclear-industry-term|andrew-etzinger|power|water|yves-guenon
© Reuse this



There would be tangible benefits for South Africa and its aspiration to create a manufacturing industry around nuclear should Eskom make a firm commitment this year to the building of a new nuclear reactor, Areva plant business development manager Dr Yves Guenon asserted on Thursday.

The French nuclear vendor has, together with Toshiba’s Westinghouse of the US, submitted a bid to build Eskom’s so-called ‘Nuclear 1’ power plant, which could be a new generation pressurised water reactor (PWR) with a capacity of between 3 200 MW and 3 500 MW.

Addressing delegates at the Energy in Southern Africa conference in Johannesburg on Thursday, Guenon said that, regardless of which company was selected, a quick decision would position South Africa as one of the first countries in nuclear-equipment queue, which would increase the prospects of attracting related investments that could stimulate the development of a local nuclear industry.

“If you wait, you will be in the middle, when a lot of other countries will be starting nuclear before you. And if you have to select a country to build some factories, you will do it with the first one who may build nuclear plants,” he elaborated.

“Today you are in competition with countries like India. Because India is now ready to build nuclear,” he added.

Eskom demand side management GM Andrew Etzinger, who also spoke at the conference, said he could not comment on when a decision might be announced. But noted that, in terms of the Public Finance Management Act, any decision would be made through a very close alignment between Eskom and the government.

Eskom previously indicated that a decision would be made before the end of the year, on what would be the largest single investment in its history.

However, serious questions about the funding of the nuclear build were being asked, particularly given growing financial-market turmoil and the fact that Eskom would have to enter the capital markets at a time when access was limited and cost of such funding was high.

Observers have also raised concerns about the timing, given the current overheated nature of the supply sector, where prices were still high despite falling demand.

“The cost of borrowing has moved against us a lot recently. And, it all comes back to our major shareholder and extent to which government would be willing to fund nuclear,” Etzinger said.

Edited by: Terence Creamer
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
South African utility Eskom said on Monday that a report in a business newspaper that power supply would be "highly constrained" for the next five years was a "worst-case scenario." "It would not be correct to say categorically that it would take five years. That is...
Mining and energy solutions firm Cronimet Mining Power Solutions officially broke ground and began its engineering, procurement and construction (EPC) contracting activities for a large Namibian photovoltaic (PV) power plant on August 18. The PV project is located in...
Article contains comments
To bolster its argument that renewable energy is critical to combating climate change, the World Wide Fund for Nature-South Africa (WWF-SA) has commissioned a series of reports that investigates the state of renewable energy in the country, focusing on how it can be...
More
 
 
Latest News
Government, in conjunction with industry clusters had to encourage preferential procurement in the mining industry, Department of Trade and Industry (DTI) capital equipment and allied services director Tapiwa Samanga has said. In a statement issued on Monday, he...
Neil Gopal
The South African Property Owners’ Association (Sapoa) has appealed to Rural Development and Land Affairs Minister Gugile Nkwinti to invoke the discretionary powers available to him under the Spatial Planning and Land Use Management Act of 2013 to prevent...
The Financial Services Board (FSB) has extended telecommunications group MTN’s broad-based black economic-empowerment trading platform MTN Zakhele’s exemption to the directive requiring over-the-counter (OTC) trading platforms to apply for a licence to operate,...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks