Fidelity bank banner Bayelsa State banner
South Africa kick-starts nuclear programme

By News Express on 08/09/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,195

South Africa’s long-awaited procurement of nuclear power stations will kick off on September 30, when the government issues the formal request for proposals, the country’s Energy Minister Tina Joemat-Pettersson said in Parliament on Wednesday.

In June 2014, President Jacob Zuma set the procurement of 9.6GW of nuclear power as a top priority of his second term of office but political and legal opposition and controversy has held up the process.
Joemat-Pettersson, answering questions in the National Assembly, said the request for proposals “would test the market”. The bids will be the first indication of what nuclear energy will cost, as the Department of Energy has refused all requests for information on the studies it has performed on the cost of nuclear energy.
Bidders are also expected to submit financing proposals.
There is fierce debate among energy experts on whether SA can afford nuclear energy and if so, how much is needed and by when. The absence of an updated Integrated Resource Plan (IRP) – which projects energy demand, makes generation plans and determines the energy mix – has frustrated this debate.
The IRP was last published in 2010 and, according to the government’s own policy, should be updated every two years.
However, updated versions have been less nuclear friendly than the 2010 version and, moreover, the government has yet to adopt them.
The very latest attempt at an update submitted to the department earlier in 2016 stalled on an appropriate cost for nuclear energy, particularly when compared with renewable energies, where the price is falling.
The department has now promised that an updated IRP will be ready by December.
While the procurement process will now finally begin, it still remains the subject of a court challenge and could be overturned. Earthlife Africa and the Southern African Faith Communities Environmental Institute are asking the High Court in Cape Town to declare the process unlawful on the grounds that the state signed agreements on nuclear co-operation with foreign governments before making a determination under the Electricity Regulation Act.
They also argue there has not been sufficient public consultation on nuclear power.
The minister also answered questions on the future of the renewable independent power producers’ procurement programme, which recently came under fire from Eskom.
The power utility has said their electricity, which Eskom is obliged to buy, is in excess of demand and is expensive.
Joemat-Pettersson said her department was in discussion with Eskom, the Treasury and the Department of Public Enterprises about Eskom’s concerns around the independent power-producer programme, and the government would adopt a position on the issue once these consultations were finalised.
“At this point, the independent power-producer programme continues in its current shape and form, and continues to form an important part of our energy mix,” she said. However, the minister said the bid round 4.5 was under discussion between Eskom and the department, and she was “sure, we will be able to resolve this matter quite soon.”
On the subject of the sale of SA’s strategic fuel stocks in December 2015 by the Strategic Fuel Fund, Joemat-Pettersson told Parliament that she had appointed an independent review panel to assess the transactions.
The fund sold SA’s entire stock – 10-million barrels – at well below market value on the justification that “a rotation” of stocks was required.
The fund said it would replace the stocks when market conditions were right, but the oil price has since doubled, implying a large loss for the fund. The minister said the documentation around the disposal – which she had authorised, subject to certain conditions – had also been submitted to the Treasury and the auditor-general.
A full inquiry would take place before any further rotation of stocks was allowed to take place, the minister said in reply to a question by DA MP Pieter van Dalen. She said the strategic stocks were still in South African tanks and had not left the country.
However, Business Day has previously reported that, while the oil is still in the storage tanks of the fund, the fund no longer owns them, and they would have to be repurchased from the owners if required.
•Adapted from a Business Day South Africa report. Photo shows a nuclear power station.

Source News Express

Posted 08/09/2016 11:48:43 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Why President Buhari is the right choice as...

Oshiomhole’s endorsement as APC National Chairman childish: Odigie-Oyegun...

Fayose, Buhari and echoes of 1984, By Olusegun...

2013 capital budget releases top N1 trillion •Finance...

Gambia withdraws from International Criminal Court

Chaos in Abuja as protesting varsity students block...

Police top brass buys into Change Begins With...

Ogoni threaten to boycott 2015 elections

Dogara blasts state governors over slow pace

Obaseki makes case for ICT-based teaching

MASSOB rejects secret trial of Nnamdi Kanu, other...

2019: Dickson committee storms South West, woos aggrieved...


Latest News Are we still in recession? Because this hunger dey vex, By Fredrick Nwabufo Another Okorocha in-law joins Imo governorship race •Refuses to step down for Uche Nwosu Ngige dares Oshiomhole, spurns ultimatum APC’s juicy carrots won’t stop our defection ― R-APC Spokesman Tension at Nigerian Law School over alleged blasphemy •Angry Muslim students threaten to lynch suspect PDP summons emergency National Executive Council meeting Islamic clerics, monarchs worship in Kaduna church 2019 elections: Saraki as a big factor 323 FG agencies fail to submit 2016 financial report ―Auditor General of Federation Osun PDP Guber: Ogunbiyi moves to upturn Adeleke’s victory Lagos task force clears container trucks from blocked roads Buhari not worthy of addressing ICC — IPOB •Flays refusal to release El-Zakzaki, Dasuki despite court orders


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (364,308 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,600 views) Shameless Genevieve Nnaji exposes breasts in public (288,014 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (236,305 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,780 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (213,185 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (187,361 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (169,363 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,734 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,560 views) Lagos plane crash: Journalist releases victims’ names (148,359 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,363 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,365) Business Verdict (48) Columnists (890) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (617) Global Business Monitor (286) International (2,163) Interview (159) Live Commentary (28) Love Matters (127) News (37,379) Opinion (1,028) Pidgin (10) Politics (5,662) Religion (790) Sports (1,614) Stock Watch (33) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




Nigerian detainees send SOS from Osama prison


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera