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France reveals nuclear funding strategy for SA

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Paris – In its bid to win the 9 600 MW South African nuclear build programme, the French will propose a funding model that seeks assistance from international and domestic financial partners.

France, through EDF and Areva, will likely seek funding assistance from other countries like China, as well as Eskom and South Africa’s intensive energy users to fund the upfront costs of the programme.

However, Envoy of the French President for the nuclear partnership, Dr Pascal Colombani, explained that the full 9 600 MW would unlikely be rolled out at once, so the upfront cost should not be as high as previously quoted in the press.

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