South Africa to issue RFP for 2.5GW of nuclear power this year
issue a request for proposals before the end of the year seeking 2.5GW in new nuclear energy generation capacity.
Commenting on the nuclear RFP, energy expert Chris Yelland said Mantashe indicated at his presentation in parliament on Tuesday that the public procurement process will commence later this year, but these are still just calls for proposals.“It’s not just the capital expenditure,” he said. “There are the finance costs during construction as well as the operating and maintenance costs. All of these have to be factored in when a bid is made.
In South Africa, with its construction mafias, the perceived risk is huge. “South Africa is very high risk for a large mega-project like this, so don’t expect prices anything like those in Saudi Arabia or China,” he said. Through the Risk Mitigation Independent Power Producer Procurement Programme and the Renewable Energy Independent Power Producer Procurement Programme, Mantashe said government has procured 7.8GW through bid windows 4, 5 and 6.
Mantashe stressed that grid availability is critical to securing electricity supply in the future. “It impacts not only on the public procurement programmes but also on private embedded generation initiatives.”
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