South Africa cancels new nuclear plant

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South Africa cancels new nuclear plant

Postby Michael » 06 Dec 2008, 17:20

http://www.ft.com/cms/s/0/04a38806-c33b ... 07658.html

Eskom cancels R120bn nuclear plant
By Richard Lapper in Johannesburg and Peggy Hollinger in,Paris
Published: December 6 2008 02:00 | Last updated: December 6 2008 02:00


In a big setback for the world's renascent nuclear industry, South Africa's publicly owned utility, Eskom, yesterday cancelled plans to build a new multi-billion dollar plant.

Eskom said that at more than R120bn ($11.5bn) the size of the planned investment was simply too big, especially bearing in mind separate commitments to build over the next five years an additional R343bn in coal, gas and other conventional capacity.

South Africa's government said that it remained committed to develop nuclear power in order to reduce its dependence on coal and other fossil fuels but would now seek to develop the industry along different lines. ... (more)


/Michael
Michael
 
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Re: South Africa cancels new nuclear plant

Postby Johan » 16 Dec 2008, 10:36

Its to bad, I think Ron Adams might be on to something in his blog post about this http://atomicinsights.blogspot.com/2008 ... l-pwr.html perhaps the world bank leaned a bit on them to make them cancel the nuclear projects.
Johan
 
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