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Dhaka Tuesday,  Oct 4, 2022

Russia to Build Eight Nuclear Power Units in South Africa

On Monday (25 November, 2013) Russia’s State Corporation- Rosatom and the Ministry of Energy of the RSA initialled the agreement on strategic partnership and cooperation in the field of nuclear power engineering and industry. This was stated by Sergei Kirienko, Director General of Rosatom at the forum ATOMEX – Africa.

“We have coordinated and initialled the basic agreement”, said Kirienko. The intergovernmental agreement is planned to be signed after completing required formalities. “The RF is ready to provide concessional financing for construction of the NPP”, added Sergei Kirienko.

Rosatom will provide RSA contemporary Russian technologies and train the specialists. There is a possibility of cooperation for manufacturing of the equipment. Localisation of production for the first power units might comprise up to 30%, and might amount to more than 50%, once construction of eight units are completed.

Next course of cooperation will be in the field of nuclear fuel cycle. Once construction of eight power units is completed “we can discuss on localisation of fuel production to the extend of the possibility of construction of an assembling plant for fuel fabrication”, said Kirienko.

So far as concession financing is concerned the head of Rosatom said “This is a standard scheme. If government of the RSA decides and is ready to conclude not just a framework agreement, but directly the agreement for construction of the power units, the agreement for provision of concessional intergovernmental credit may be signed simultaneously”.

“Usually the Ministry of Finances of the RF allocates such credits for 70% to 85% of the total project cost”, said Kirienko, adding that right now it is too early to tell about the cost of the project itself. He informed that the cost of such a project depending on specifications can be approximately 40-50 billion USD.

Earlier the head of the Ministry of Energy of the RSA announced to the journalists that the RSA is expecting to finalise all the formalities and sign the intergovernmental agreement with the RF before 15 February 2014.

The proposed agreement includes construction of new NPPs in South Africa with Russian VVER-type reactors with a total capacity of up to 9.6 GW (up to 8 power units).

At the moment there is one operating NPP, the Koeberg NPP in South Africa with installed capacity of 1800 MW. In March 2011 the country approved the plan for development of power engineering to increase the share of nuclear energy in the energy balance of the country from 5% to 25% by 2030 through construction of new NPPs total installed capacity of 9.6 GW.

The RSA is one of the leaders of the global market in production of isotopes.

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