R/€ = 15.11Change: 0.01
R/$ = 13.34Change: 0.06
Au 1152.52 $/ozChange: 8.37
Pt 975.00 $/ozChange: 22.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

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 Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Jul 18, 2012

Russian nuclear group opens office in South Africa

Cape Town|Construction|Africa|Building|Fabrication|Industrial|Nuclear|Projects|Rosatom|Rusatom (spelt With A U) Overseas|South African Atomic Energy Corporation|Water|Africa|Russia|Singapore|South Africa|Ukraine|Energy|Equipment|Manufacturing|Nuclear Energy|Nuclear Energy Capacity|Nuclear Technologies|Products|Solutions|Alexey Kalinin|Kirill Komarov|Power
© Reuse this

South Africa has become only the third country to host a marketing office of Russia’s State-owned nuclear energy group Rosatom. The registration of the office was announced by the group on Wednesday.

South Africa plans to develop 9.6 GW of nuclear energy capacity by 2030 with a new nuclear power plant (NPP) building programme. (The other two countries with Rosatom marketing offices are Ukraine and Singapore.)

“Local presence is one of the most important criteria for a global company,” pointed out Rosatom International Business and Development deputy director-general Kirill Komarov. “Given that South Africa has extensive plans for [the] development of nuclear energy, building a mutually advantageous partnership with this country is a priority for us.”

In addition to promoting and marketing Russian nuclear technologies in South Africa, the new office will serve to develop relationships with the local regulatory agencies and the scientific community. Furthermore, it will be responsible for establishing connections with the South African business community, including industrial and financial companies.

The office will also be responsible for the development of relationships with local partners in order to fulfill the memorandum of understanding (MoU) signed between Rosatom and the South African Atomic Energy Corporation (better known as Necsa) last month. Under this MoU the two companies will develop joint business projects covering radioisotope production and marketing, nuclear fuel fabrication and power equipment manufacturing for NPPs, among other areas.

“We fully support our South African partners in their efforts to implement a serious programme of national nuclear energy development,” assured Rusatom Overseas director-general Alexey Kalinin. “Rosatom’s integrated offer in NPP construction may be of interest to our partners, since together with safe and referential VVER [Russian pressurised water reactor] technology it envisages a variety of financial solutions and ability to maximise the involvement of the local industry.”

Rusatom (spelt with a u) Overseas is a subsidiary of Rosatom (spelt with an o). Another Rosatom subsidiary, Tenex, already supplies enriched uranium products for the production of nuclear fuel for South Africa. The country currently has one two-reactor NPP, at Koeberg near Cape Town, which has a capacity of 1 800 MWe. This started operation in 1984.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
Other Nuclear News
Article contains comments
The technical and economic challenges associated with the large-scale deployment of renewable-energy had largely been solved, Professor Dr Clemens Hoffmann of Germany’s Fraunhofer Institute for Wind Energy and Energy System Technology argued during a presentation in...
Article contains comments
Energy Minister Tina Joemat-Pettersson
The South African Department of Energy (DoE) plans to extend its renewable-energy programme to the rest of Africa over the next five years. Energy Minister Tina Joemat-Pettersson told the South African International Renewable Energy Conference (Sairec) in Cape Town...
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Article contains comments
Article contains comments
Latest News
Updated 30 minutes ago Universal Coal’s independent directors have again called on shareholders not to accept fellow South Africa-focused IchorCoal’s A$0.16 a share cash takeover offer. Ichor, which already held a 29.99% stake in Universal, on October 1, officially launched its takeover bid.
President Jacob Zuma
Updated 2 hours 24 minutes ago President Jacob Zuma on Thursday said the National General Council took place amid a tumultuous economic climate, however, South Africans have something to smile about. Addressing guests on the eve of the NGC at the Gallagher Convention Centre on Thursday, Zuma...
Updated 2 hours 31 minutes ago Ethiopian Airlines told Boeing Co that the shutdown of the US Export-Import Bank has triggered concerns about the airline's ability to take delivery of Boeing jets already ordered, and would force it to reevaluate future orders. Boeing released a letter from Tewolde...
Recent Research Reports
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
BUSINESS LEADERS PANEL Adam Craker, Ivor Chipkin, Alan Hosking and Allon Raiz at the 6th IQ Business Active Growth conference
At the sixth IQ Business conference held in Sandton last month, a panel of business leaders and academics advocated that business reclaims the initiative to spur growth in South Africa amid fragmented and haphazard political direction. Management consulting firm IQ...
The building industry is an essential component of the South African economy as it contributes about 15% to the gross fixed investment that drives the economy. However, with the country’s economy going through a tough time currently, this, in turn, reflects on the...
The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO...
ASHER BOHBOT EOH’s corporate goals were originally aspirations, but the company is relevant and is making a difference in the territories it operates in
As South African information technology (IT) firm EOH posted another full year of strong growth, CEO Asher Bohbot, known for his frank words, people-centric management style and stoic humanism, attributed the company’s continued South African and African growth to...
International heavy-equipment engine manufacturer Cummins’ regional distribution centre (RDC) in Woodmead, Gauteng, has halved the average logistics distribution time for clients in Southern Africa and allowed for critical or long-lead stock to be kept closer to...
Alert Close
Embed Code Close
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
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96