Nuclear cost not yet clear

Business Report 28 February 2012.

(Editorial note: At R 300 bn for 9 600 MW of new nuclear power, this is about the same cost as the new cola plants, Medupi and Kusile, also for 9 600 MW – so we should expect the R 300 bn estimate to escalate radically.)

The R300 billion allocated in the Budget for building new nuclear power plants is not the final amount for the project, Energy Minister Dipuo Peters said on Tuesday.

“I think that the amount of money that has been allocated… for the nuclear build is not a thumb-suck, and we don’t actually think that is the end amount, but we believe that it is the beginning,” she said…