The construction of a nuclear power plant is considered to be a megaproject – characterised as a significant investment, as being highly complex organisationally and technically and as having a long-lasting effect on the economy, society and the environment. International experience shows that such projects are prime targets for corruption. Their size, complexity and longevity create thousands of contractual links — between the customer, contractor, sub-contractors, co-ordinating project offices, etc — each of which present an opportunity for corruption. A recent local example is the corruption that plagued phase 1 of the Lesotho Highlands Water Project. Allied to this is the potential problem of central government involvement. Energy projects in particular tend to be centrally managed by governments and, by necessity, afford senior public officials discretionary powers over projects. The construction of a nuclear power plant is particularly problematic as governments can use issues...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.