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Nuclear programme set to receive new financing model

Author: Carol Paton

SOUTH Africa’s nuclear power programme is likely to be financed following power-purchase deals backed by Eskom and government, which in turn will be funded through electricity tariffs, says Energy Minister Tina Joemat-Pettersson.

SA is planning one of the largest expansions of nuclear power in the world with plans to build 9.6GW of generating capacity, housed in six to eight reactors. However, details on the financing and affordability of the programme are scarce and being kept under wraps by government officials.

The procurement would be completed by the end of the financial year by which time “a strategic partner or partners” would be finalised, Department of Energy officials said in Parliament on Tuesday.

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