Electricity minister meets Amazon-backed nuclear company with South African ties

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The company in question counts at least two South Africans in its scientific and engineering leadership as well as a South African-owned venture capitalist firm as one of its biggest investors.

Minister of Energy and Electricity Kgosientsho Ramokgopa recently met with a nuclear reactor company that has received a $300-million funding injection from Amazon, RapportRamokgopa’s office told the publication that the minister visited US-based X-energy’s facility on Friday to assess its capabilities.

These spheres generate heat, which is transferred by helium to boil water and generate steam to turn a turbine, which produces electricity. The involvement of Amazon will be key to streamlining and ramping up SMR production, according to South African venture capitalist André Pienaar.Pienaar previously said that C5 Capital was working to raise a further R9 billion to build a 320MW power plant in the Western Cape.

Mulder was also the North-West University Potchefstroom Post Graduate School for Nuclear Sciences and Engineering director and a professor in the School of Mechanical and Nuclear Engineering. However, the power utility has been experiencing significant delays with the plant’s 20-year life extension programme.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How South African companies can slash their electricity bill with MetSolarMetSolar is a leading South African solar power solutions provider, and through professional engineering and installation, the company helps businesses save big on their electricity bills.
Source: mybroadband - 🏆 11. / 67 Read more »