The Department of Mineral Resources and Energy has thrown down the nuclear gauntlet, issuing a Request for Information for a new nuclear plant, arguing that it is commencing preparations for a nuclear build programme “at a pace and scale that the country can afford because it is a no-regret option in the long term”.
Mbambo said it is “way too soon” to speculate about how much the programme will cost, particularly as new kinds of plants were being developed which could reduce the cost substantially. Issuing the RFI begins a long, involved process which previously in SA has been a right, royal shit show. In 2017, the Cape High Court dealt a fatal blow to the then much more ambitious plans to build 9600mW of nuclear capacity, on the basis that government had now followed due process in making the decision to pursue nuclear power. The cost of that programme was a heart-stopping R1-trillion.
According to long-time energy analyst, consultant and electrical engineer Chris Yelland, whether the new plan does in fact envisage more nuclear power is “a bit of smoke and mirrors”. The question now, says Yelland, is whether nuclear power is in fact the most cost-effective option, and the cost trends have been moving dramatically in favour of wind, solar, gas and battery storage over the past decade.
Out at Secunda the connected spent a billion putting up this nuclear fabrication facility five years ago and needs return on investment, pressure, pressure...
We could recover costs substantially by adding uranium enrichment facilities and sell the commodity to our comrades in Venezuela and Iran.
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