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Montalto: SA's nuclear energy plan will likely fail

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Unit 4 of the Rostov Nuclear Power Plant in Russia under construction. (Photo: Matthew le Cordeur)
Unit 4 of the Rostov Nuclear Power Plant in Russia under construction. (Photo: Matthew le Cordeur)

Cape Town – South Africa will likely fail in its quest to develop its nuclear energy capacity, according to emerging markets economist Peter Attard Montalto of Nomura.

Montalto told Fin24 that if the 9 600 MW nuclear procurement programme does see the light of day, it will be a “slimmed down programme spread over a longer period of time, given the affordability issue”.

“For this reason we need to remain calm, but vigilant,” he said. “The end point remains uncertain.”

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