http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.67Change: 0.08
R/$ = 10.99Change: -0.03
Au 1199.04 $/ozChange: -0.12
Pt 1220.50 $/ozChange: -9.50
 
 
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
 
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
Updated 2 hours 39 minutes ago Fourth renewables bid announcement postponed amid third-round closure delay
Updated 3 hours ago Global law firm Baker & Mackenzie partner Paul Curnow believes South Africa holds significant upside potential for manufacturers and developers of commercial rooftop solar photovoltaic (PV) projects, as these players would be able to bypass often protracted...
Article contains comments
Steel among the five resource value-chains being prioritised
The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National...
Article contains comments
More
 
 
Latest News
Updated 1 hour 16 minutes ago Increased maintenance costs, poor rolling mill yields and strike action have widened Evraz Highveld Steel’s operating loss, from R149-million in the nine months ended September 30, 2013, to R483-million for the comparative 2014 period. The company added on Monday...
Updated 1 hour 17 minutes ago Energy Minister Tina Joemat-Pettersson has misled Parliament and should be suspended pending an investigation, the DA said on Monday. "Reports indicate that the minister was involved in recommending and appointing Mr Tshepo Kgadima as chairman of the board of...
More
 
 
Recent Research Reports
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.
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.
 
 
 
 
 
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
JAMES ROBERTS The MOM incubator was designed to help babies in developing nations who were dying in conflict-struck nations or who do not receive hospital care
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.
 
 
 
 
 
 
 
 
 
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