South Africa plans “affordable” nuclear energy approach

Economists say a large-scale nuclear new build is something South Africa cannot afford
South Africa plans "affordable" nuclear energy approach

South Africa has made a decision to add energy capacity in an affordable way, according to its Energy and Mineral Resources Minister, Gwede Mantashe.

Former South African President, Jacob Zuma championed a massive nuclear expansion project with Russia, but his successor, Cyril Ramaphosa put those plans on hold in one of his first moves after becoming leader of the governing African National Congress (ANC) in late 2017.

Economists say a large-scale nuclear new build is something South Africa, whose last investment-grade credit rating is hanging by a thread, cannot afford.

A clear timeline for new nuclear capacity has not been disclosed as the government’s energy plan will require approval first.

Your Friends Also Read:  Guinea’s new Bauxite railway readies for operation

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article
Police kill 3 during protests in DR Congo

Police kill 3 during protests in DR Congo

Next Article
Zimbabwe to issue new currency notes to counter cash shortage

Zimbabwe to issue new currency notes to counter cash shortage

Related Posts