Bruce's List: Zuma’s nuclear fall-out
Now Zuma loses on nuclear too; Eskom pretends it isn’t happening
Bruce’s List: A guide to informed reads. If it was ever the case that President Jacob Zuma had stitched up a deal with Russian President Vladimir Putin to buy 9,600MW of nuclear power technology from Russia, that deal is now dead in the water. There’ll be no fat bribes or commissions and no trillion rand poured into an old technology. The rand strengthened sharply yesterday after the department of energy published details of its new (and draft) Integrated Resource Plan and it comes, fortunately, just as two of the three big ratings agencies are due to pronounce on the quality of our international debt — one the day after tomorrow and the other next Friday. Briefly, the plan envisages a further 37,400MW of wind and 17,600MW of solar power by 2050. And it envisages just 1,359MW of nuclear necessary by 2037, rising more rapidly to 20,385MW between 2037 and 2050. In other words, nuclear is being kicked down the road until a time when renewable technologies would either have progressed t...
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