|
|
|
|
 |
|
| |
| |
| investors |
| |
| Pebble Bed Modular Reactor (Pty) Ltd's current investors, the South African Government, the
electricity utility Eskom, the Industrial Development Corporation (IDC)
of South Africa and the US nuclear giant Westinghouse, share the vision
of small, standardised, inherently safe, modular reactors as one of the
best carbon-free alternatives for new power generation capacity around
the world. |
| |
| The project is emphatically supported by the South African Government
who allocated significant funding to the project in 2004. Stating an
intent to eventually produce 4000MW to 5000MW of power from pebble bed
reactors in South Africa, the former Minister of Public Enterprises, Mr. Alec
Erwin, said the PBMR will place the country at the forefront of energy
technology. "The project is now factored into our future energy planning
and we are negotiating a major intention-to-purchase agreement between Eskom and the PBMR company." |
| |
| The IDC is a state-owned, registered public company which provides loan
and equity financing for a variety of enterprises. It has been
profitable almost from its inception in 1940 and is fully self-funding.
Its mandate is to promote economic growth in the South African
Development Community (SADC) region by financing sustainable,
competitive industries and other enterprises (such as tourism and
agricultural projects), in accordance with sound business principles.
All the IDC's investments are subjected to comprehensive risk-benefit
analyses, in which environmental risk analysis is included as a matter
of course, not only to protect the IDC's investment interests, but also
to contribute to the achievement of national environmental objectives. |
| |
| Westinghouse took over a 15% share in Pebble Bed Modular Reactor (Pty) Ltd previously held by British Nuclear Fuels (BNFL).
Westinghouse is the world's pioneering
nuclear power company and is a leading supplier of nuclear plant
projects and technologies to utilities throughout the world.
Westinghouse is also a world leader in pressurized-water reactor (PWR)
technology, with its AP-1000 design. Westinghouse designs, builds,
maintains and services nuclear power reactors, plants and fuel all over
the globe. Today it is the basis for approximately one-half of the
world's operating nuclear plants. |
| |
| Eskom covers generation, transmission and distribution. Its large
pit-head, coal-fired power stations comprise about 90% of its installed
capacity of over 39 000MW. Eskom's one nuclear station, Koeberg (2 x
965MW PWR's near Cape Town), provides 6 percent of Eskom's power and
supports the Western Cape region which is 1400km from the nearest
coal-fired power station. |
| |
|
|
|
| |
|
|
|
|
