South Africa’s ruling African National Congress has called for a cost analysis of nuclear power as the government prepares to award contracts this year to build several nuclear power plants.
The contracts will allow companies to bid on projects that will generate 9,600 MW for the country.
Rosatom, Russia’s state owned giant, Areva SA, EDF SA and Korea Electric Power Corp. are just some of the key players showing an interest in bidding for the project. Estimated costs for the new nuclear power offering could be up to $100 billion.
With South Africa poised for huge growth and subsequent increased demand in power over the next decade, this project is a key step in this development.