Daily Archives: November 9, 2015

NUCLEAR ENERGY A GOOD INVESTMENT, SAYS SOUTH AFRICAN NUCLEAR ENERGY CORP.

The Nuclear Energy Corporation of South Africa (Necsa) says nuclear energy is a good investment because nuclear power plants have a lifetime of 60 years and the the investment can be repaid in 20 years.

Speaking on the South African Broadcastign Corporations “Weekend AM Live” programme over the weened, the Necsa Chief Executive Officer, Phumzile Tshelane, said only nuclear and coal could be be used for base-load electricity and heavy industries, such as smelters and mines.

He added that renewable energy could not drive energy-intensive industries.

Last month, the National Treasury allocated 200 million Rand (about 14.5 million US dollars) on researching nuclear energy funding models.

Necsa says the purchasing of nuclear power deals will be completely transparent.