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Credit downgrade could increase cost of nuclear - expert

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Johannesburg – A downgrade to junk status could make the cost of nuclear power procurement “infinitely more expensive” than it is to date, said an industry expert.

During a panel discussion on financing nuclear power projects at the Africa Energy Indaba on Tuesday, Mike Peo, head of infrastructure, energy and telecommunications at Nedbank Capital explained that nuclear could be procured on an affordable basis. However, a country’s ability to do that is often based on the rest of the world’s view on the country’s stability.

“The cost of debt financing of a country inherently depends on rest of world’s political view of stability of country,” he said.

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