How Eskom could unlock billions to fast-track nuclear deal

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Cape Town – While Eskom is set on having a nuclear power station operational by 2025, the issue of financing a major infrastructure project has been top of mind.

Government has stated that nuclear will only proceed at a scale and pace it can afford, but Eskom has made it abundantly clear that it will get a nuclear power plant up and running by 2025. And that’s despite a new draft energy plan, which sees nuclear being delayed by decades.

For Eskom to have its way, construction will have to begin by 2021, and the procurement process needs to be completed pronto. “To have a nuclear reactor operating in 2025, you need a 10-year lead time, which will start now,” acting Eskom CEO Matshela Koko said at the launch of the draft Integrated Resource Plan in 2016.

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