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Russia upbeat on SA nuclear plan after Egypt deal

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Rosatom's Unit 4 at Rostov Nuclear Power Plant in Russia under construction. (Photo: Matthew le Cordeur)
Rosatom's Unit 4 at Rostov Nuclear Power Plant in Russia under construction. (Photo: Matthew le Cordeur)

Cape Town – The speed at which Russia and Egypt signed a deal to build a four-reactor nuclear plant in November 2015 shows how quickly a nuclear procurement process can unfold, a Russian source said on Tuesday.

The engineering, procurement and construction funding model developed by nuclear state-owned company Rosatom to secure the deal was the best solution for South Africa too, the source - who preferred to remain anonymous - explained.

He said it was a superior solution for technical, legal, political, economic and industrial reasons. “It’s the better solution,” he said. “It’s shorter. You can start the procurement programme very quickly. This is the best solution.

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