http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.39
R/$ = 11.56Change: 0.10
Au 1202.59 $/ozChange: 6.50
Pt 1205.50 $/ozChange: 5.00
 
 
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|Building|Energy|Equipment|Manufacturing|Nuclear|Andrew Etzinger|Power|Water|Yves Guenon
|Africa|Eskom|Nuclear|Water|Africa||Building|Energy|Equipment|Manufacturing|Nuclear|Power|Water|
johannesburg|africa-company|eskom|nuclear-company|toshiba|water-company|africa|india|south-africa|united-states|building|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
anzania's attorney general resigned late on Tuesday, becoming the first political casualty in an energy corruption scandal in the east African country that has led Western donors to delay aid and weakened the currency. The resignation followed a vote in parliament...
The Democratic Alliance on Tuesday called on Deputy President Cyril Ramaphosa to clarify Eskom's latest threat of further rolling blackouts. Spokesperson on public enterprises Natasha Michael said Ramaphosa had to disclose the reason four generators stopped working...
South Africa asked on Friday for bidders to submit proposals to build coal-fired power plants as part of a string of initiatives launched this week aimed at ending chronic electricity shortages. Bidders will need to pay a nonrefundable R200 000 rand ($17 000) fee...
More
 
 
Latest News
Updated 5 hours ago The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
South African cement firm PPC on Wednesday named a mining industry veteran as chief executive, ending a three-month leadership vacuum that has hit its shares. PPC's former CE Ketso Gordhan abruptly resigned in September after clashing with the board. He then...
anzania's attorney general resigned late on Tuesday, becoming the first political casualty in an energy corruption scandal in the east African country that has led Western donors to delay aid and weakened the currency. The resignation followed a vote in parliament...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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 road...
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.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
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