http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.15Change: 0.05
R/$ = 11.58Change: -0.02
Au 1195.87 $/ozChange: -1.05
Pt 1197.50 $/ozChange: 0.00
 
 
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  
 
 
Jun 28, 2013

Rosatom awaits SA govt decision on nuclear power

Back
Construction|Engineering|St Petersburg|Africa|CoAL|Nuclear|Rosatom|Africa|Russia|Saudi Arabia|South Africa|Electricity Needs|Energy|Energy Needs|Finance|Fixed Electricity Prices|High Greenhouse-gas Emissions|Nuclear|Nuclear-generated Electricity|Oil And Gas|Ownership Finance Option|Dipuo Peters|Jacob Zuma|Kirill Komarov|Power|Sergey Kirienko|South Africa
Construction|Engineering||Africa|CoAL|Nuclear||Africa||Energy|Nuclear|Oil And Gas||Power||
construction|engineering|st-petersburg|africa-company|coal|nuclear-company|rosatom|africa|russia|saudi-arabia|south-africa|electricity-needs|energy|energy-needs|finance|fixed-electricity-prices|high-greenhouse-gas-emissions|nuclear-industry-term|nucleargenerated-electricity|oil-and-gas|ownership-finance-option|dipuo-peters|jacob-zuma|kirill-komarov|power|sergey-kirienko|south-africa-region
© Reuse this



Russian State-owned nuclear company Rosatom was awaiting the South African government’s decision regarding the nuclear aspect of its Integrated Resource Plan (IRP2010), as well as Russia’s role in this regard, deputy director-general Kirill Komarov said on Thursday.

In April, the South African government indicted that it was set on pursuing its plan, contained in the IRP2010, to construct new nuclear power plants (NPPs) and increase the country’s amount of nuclear-generated electricity to 9.6 GW by 2030. This is in part to help meet South Africa’s growing electricity needs and to reduce the country’s high greenhouse-gas emissions.

South Africa is, however, taking a phased approach to making a decision on new nuclear power capacity and is not ready yet to advertise the tender, officials have indicated last month.

During discussions with President Jacob Zuma and Energy Minister Dipuo Peters last month, Rosatom director-general Sergey Kirienko proposed a strategic partnership with South Africa to develop the nuclear industry and to help it in meeting its future energy needs.

“We are not just interested in constructing nuclear power plant units, we are interested in strategic partnership with South Africa, as well as other countries in the continent, because of the big interest in nuclear in the developing economies,” he told Engineering News Online at the International Atomic Energy Agency International Ministerial Conference, in St Petersburg.

Komarov stated that Rosatom was prepared to provide different financing models to South Africa for NPP construction, including intergovernmental loans and potential investments in ownership of power stations.

The ownership finance option would see Rosatom construct the NPP, which it would wholly own and finance, while the South African government would provide the property, grid access and fixed electricity prices for a certain period of time.

The two financing models could also be combined, if required.

“We have already done all the preparing to be a strategic nuclear power partner to South Africa, we are a member of the Nuclear Industry Association of South Africa, which positions us to meet and interact with all participants,” he said.

Komarov said that South Africa could, in addition to partnering with Rosatom to develop its nuclear power industry and, thereby, boost its economy, also implement a proper level of localisation in its nuclear power development plans to positively impact its economy.

“If South Africa has a level of localisation of 50% to 60%, it means that every rand invested in the nuclear plant can have a multiplier effect in the economy of R3 to R5. This is because the construction of a nuclear plant not only entails the construction process, but civil works as well,” he noted.

Komarov highlighted that the construction of two nuclear plant units with the capacity of 1 000 MW each, would create 10 000 jobs on site and a minimum of between 50 000 to 70 000 jobs in the rest of the economy.

“South Africa is ready for nuclear power development, it already has the technology and skill, it is trending with the rest of the world and is ahead of many countries in this regard,” he pointed out.

Komarov noted that nuclear power could offer a more affordable means of electricity generation in South Africa, where the current lacking volume of electricity contributed to higher power prices.

“It is expensive to construct nuclear power plants, producing the nuclear energy is cheap. This is because the volatility and unpredictability of coal, oil and gas prices have a great impact on the costs of the power plants that use these energy sources. This is attributable to the fact that these energy fuels make up between 60% and 70% of plant costs.

“Although uranium prices can also be volatile and unpredictable, it only makes up about 4% of the power plant’s costs and, therefore, does not impact it severely. This is why countries with a lot of oil and gas such as Saudi Arabia invest in nuclear,” he explained.

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40-million tonnes below a key industry estimate - an amount equivalent to Germany's entire annual production. Beijing has vowed to...
Lumwana, Zambia
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
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...
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