http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.66Change: -0.17
R/$ = 10.60Change: -0.09
Au 1288.21 $/ozChange: 6.59
Pt 1404.50 $/ozChange: 4.50
 
 
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
 
Nelson Mandela 1918 - 2013   Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science & Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office 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|Eskom|Toshiba|India|South Africa|United States|Andrew Etzinger|Yves Guenon
johannesburg|eskom|toshiba|india|south-africa|united-states|andrew-etzinger|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
 
 
 
 
 
 
 
 
Other Electricity News
The national electricity system is expected to remain tight over the evening peak demand periods for the rest of the week, as Eskom continues with its planned maintenance schedule to prepare for winter while also managing unplanned outages that add more pressure to...
HYDROPOWER POTENTIAL The 2 067 MW Laúca hydropower station will provide electricity for about 750 000 Angolans
Work on the 2 067 MW Laúca hydropower station, in Angola’s Kwanza riverbed, has started. The country aims to have the facility commissioned by the end of 2017, says Angolan State-owned power utility Empresa Nacional de Electricidade de Angola (ENE) international...
ANDREW GILDER The biofuels industry has the potential to be a key source of employment
The use of biofuels, as a renewable-energy source, presents the potential for numerous environmental, energy security and efficiency benefits to the South African economy, says law firm ENSafrica senior associate environmental law division senior associate Andrew...
More
 
 
Latest News
Updated 1 hour 45 minutes ago Nigeria has awarded most of its long-term oil contracts worth an estimated $40-billion a year to local companies, according to a confidential list seen by Reuters, meaning global traders need to partner with them to access crude from Africa's top producer. Global...
Updated 2 hours 2 minutes ago JSE-listed Sephaku founding member Christiaan Rudolph de Bruin has resigned as a nonexecutive director and a member of the company’s remuneration and nomination committee, effective April 21. De Bruin, along with CEO Dr Lelau Mohuba and David Twist, founded the...
Updated 2 hours 8 minutes ago The Johannesburg Stock Exchange (JSE) will start phasing out its current technology in favour of a new multi-asset integrated clearing technology platform. The JSE, which currently uses different clearing technologies for different asset classes, has partnered with...
More
 
 
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
 
 
 
 
 
This Week's Magazine
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
MORE IN SA Phase 2 should see local content on the mainline locomotive increase from 65% to 80% by the end of 2014
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
South Africa’s sole nuclear power station Koeberg, which is located in the Western Cape, breached a major operations milestone on April 4, which marked the thirtieth anniversary of Unit 1 having been connected to the grid. Eskom, which operates the two-unit plant,...
 
 
 
 
 
 
 
 
 
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