Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« SK OptionTrader to Close to New Subscribers on August 10th | Main | Hinkley nuclear power station (UK) community 'could receive £128m' »
Thursday
Jul252013

SA to finalise nuclear procurement ‘roadmap’ by November

South Africa should finalise its ‘nuclear procurement roadmap’ by November, Department of Energy (DoE) director-general Nelisiwe Magubane reports, adding that a study on the likely costs of such a programme should be completed in September.

Speaking exclusively to Engineering News Online during a broad-ranging interview, Magubane indicated that creating certainty on the approach to be adopted remained a priority for the DoE and for government, which is coordinating its decision-making through the National Nuclear Energy Executive Coordination Committee (NNEECC), chaired by Deputy PresidentKgalema Motlanthe.

However, the National Development Plan also called for greater clarity on the costs and on South Africa’s ability to afford the proposed deployment of 9 600 MW of new nuclear capacity, as outlined in the current version of the Integrated Resource Plan (IRP2010). For this reason, consultants have been appointed to conduct a cost analysis, taking account of build programmes under way in the rest of the world, as well as South Africa’s recent experiences in building the mega-scale coal-fired projects, Medupi and Kusile. The study would also assess the cost implications of government’s decision to proceed on the basis of developing a nuclear industry locally, rather than simply procuring individual power stations.

Current cost estimates, Magubane notes, range from around $3 500/kW installed to $7 000/kW, with the current European build programmes at the higher end of the scale and some Asian projects at the lower end. “The idea behind the study is to look at South Africa’s unique situation and to get an assessment of the likely costs in our context.”


To read this article in full please click here

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

 

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

Don’t forget if you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that your verification has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>