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INFRASTRUCTURE: International (MRB Dec 2001): South Africa, China to sign nuclear energy pact.
China and South Africa are expected shortly to sign a co-operation agreement on nuclear energy, following the official visit of President Thabo Mbeki and a large team including government ministers and business leaders to Beijing last month.
China is believed to be one of the countries interested in developing South Africa's planned mini-nuclear reactor. The compact gravel bed reactor is being developed by Eskom. The project was first announced in 1998, when Eskom said that producing one of the smaller plants would cost about R365 million.
The US, Britain, China, Japan, France and Egypt have been in contact with the government with a view to purchasing the unique nuclear reactor, which the government claims will be safer, cheaper and cleaner than conventional nuclear power systems. According to the designers, the stations would be fail-safe because they could not melt down. They would store their own waste for 40 years. The plant could then be imploded and covered by a mound. British Nuclear Fuels is acquiring about 20% of the scheme for R100m.
The gravel bed reactor is being developed with German expertise and is still in the developmental phase. It is expected that the first model will be operating by the year 2005.
About 30 per cent of the shares will be sold to an overseas consortium.
Eskom will be in a position to export about 20 modules a year when the system is ...
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