POLITICS LIVE: Eskom makes a 'rational' case for nuclear. Does it fly?
8.07------Eskom makes a 'rational' case for nuclear. Does it fly?The Business Day newspaper has published a fascinating article by Carol Paton under the headline Eskom says it can fund nuclear build. You really should click here and read the whole thing. Here's a taste of what it says:ESKOM can pay for the nuclear build programme because it will have accumulated a R150bn cash pile in the next 10 years, according to its head of generation, Matshela Koko.The source and scale of funding for the nuclear energy programme has been a point of contention both in the government and with the public since it was put on the table by President Jacob Zuma two years ago.Writing for Business Day on Friday, Koko says the improvement in Eskom’s finances — including improved access to finance, improved revenue from a better operating plant and the completion of the build programme — will allow it to build substantial reserves."This improving trend will continue over the medium to long term and will cu...
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