8 December 2008 – South Africa’s state-run power utility firm Eskom has abandoned plans to invest in a second nuclear plant due to the cost of the project.
Eskom decided “not to proceed with the proposed investment in Nuclear-1 project due to the magnitude of the investment,” spokesman Fani Zulu said.
“The two bidders, the EPR consortium led by Areva of France and the N-Powerment consortium led by Westinghouse of the USA, have been informed of this decision of the Eskom Board,” he said.
Speaking with AFP, Zulu declined to disclose the worth of the project, saying Eskom had signed a confidentiality agreement with the two foreign companies.
The project, which was announced in February last year, was expected to commence in 2010 and take between 45 and 60 months to complete.
It would have been the country’s second nuclear plant and was anticipated to be a 3500 MW pressure water reactor (PWR).
Koeberg power station, located in Western Cape Province, is South Africa’s only nuclear power station.