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Friday, 22 January 2016 09:52

Energy ministry confirms next step in nuclear plan

The Department of Energy’s (DoE’s) director-general, Thabane Zulu, confirmed in an exclusive statement in December that Cabinet has authorised the department to issue a request for proposal (RFP) for South Africa’s nuclear procurement programme.

A major query regarding this development was how the government would pay for the construction of the 9 600MW nuclear power stations. The DoE said that Cabinet approved a process where the business proposals submitted through the RFP process will determine the final funding model.

Zulu said proposals in this regard will first be submitted to the Energy Security Cabinet Sub-Committee for recommendation before being considered by Cabinet.

“Any decision to proceed further with the Nuclear New Build Programme will therefore only take place after the RFP process has been completed and a final funding model has been developed, and then referred back to Cabinet for consideration and approval. The Department of Energy is committed to cost-effectiveness and full transparency,” he said.

Source: Fin24

Link: http://www.fin24.com/Economy/energy-ministry-confirms-next-step-in-nuclear-plan-20151226