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Ramaphosa says SA has no cash for nuclear plants

Country has excess electricity capacity, deputy president says.
Picture: Shutterstock

South African Deputy President Cyril Ramaphosa, who is next in line to lead the country, said the government currently can’t afford to build new nuclear power reactors.

“We have to look at where the economy is — we have excess power and we have no money to go for a major nuclear plant building,” Ramaphosa told reporters Thursday at the World Economic Forum in Davos, Switzerland. “We have said the nuclear process will be looked at in the broad context of affordability.”

Ramaphosa’s approach differs markedly from that of President Jacob Zuma, who he succeeded last month as head of the ruling African National Congress. Zuma has championed plans to build as many as eight reactors that would generate 9,600 megawatts of energy starting from 2023 and cost as much as R1 trillion ($84 billion) — a program critics say the country can’t afford and doesn’t need.

While court challenges stalled the government’s plans to seek bids to build new atomic plants last year, Zuma signaled that he wanted to revive the nuclear program when he reshuffled his cabinet in October and changed his energy minister. Ramaphosa, who is expected to succeed Zuma as president within the next few months, has said the government should focus on developing other forms of renewable energy.

Rosatom, Areva, EDF, Toshiba’s Westinghouse Electric unit, China Guangdong Nuclear Power Holding and Korea Electric Power previously expressed interest in building new reactors in South Africa.

© 2018 Bloomberg

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This is a first.. Not blaming white people for the country’s failure!! Could this be?! I must be dreaming, i am going back to lala land cheers!!

Such contrasting opinions between Zuma and Ramaphosa. Quite obvious that Zuma either has not got a clue about costing or desperate to get the last bit of stealing in before going.

Zuma seemed desperate and persistent in pushing through this nuclear deal… and now CR 17 pours cold water over this deal…which leaves me, Zuma’s true motives about this deal…

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