SOUTH AFRICA WILL NEED 650 BLN RAND TO BUILD THREE NUCLEAR POWER STATIONS

PRETORIA, Participants of the Nuclear Africa Conference held here this week have been told that South Africa will need around 650 billion Rand (about 50 billion US dollars) to build three nuclear power stations.

The Chairperson of the South African Nuclear Energy Corporation, Kelvin Kemm, said financial discussions were being held with companies bidding to build the nuclear power stations. He questioned reports that more than 1.0 trillion Rand would be needed to build the power stations.

“We know what we are getting into. We know what the approximate prices are and we know them in pretty fine details,” he said.

“We are not going to go and expose them to the public in too much detail, because these are part of the financial discussions that are taking place with foreign-owned companies that come and bid.

“To say that we have no idea is wrong. And the other thing that the public is misinformed about is that they think that this money is going to be spent going on year one and year two and that is wrong.”

He added that calculations which had been done by scientists showed that the overall cost would be in the region of 650 billion Rand.

Source: NAM NEWS NETWORK