'Small nuclear energy generation has a very important contribution to make in totally solving the energy scarcity': André Pienaar, founder and CEO of C5 Capital.
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For us it was very important that the potential investment in South Africa would provide jobs and contribute not only to an increase in electricity production but also bolster the nuclear ecosystem, increase training and lead to job creation. The funding of nuclear energy by the private sector is a new development and one can compare it to the development of computers.
ANDRÉ PIENAAR: For micro nuclear reactors around one to eight megawatts, and then a small nuclear power reactor on a modular basis can be anything from 20 to 90 megawatts. RYK VAN NIEKERK: Who has to sign that agreement, because there are so many involved in South Africa’s electricity supply chain? We’ve seen our independent private producers programme take years for particular projects to get off the ground – in some cases six or seven years. Many of these projects ended up in court. It is utterly bureaucratic.
Then I think the independent power supply model is being established in the country as an acceptable part of the country’s power network. I also think many of the snags and problems are being ironed out slowly but surely, and one hopes that the process will proceed in that manner and that as the model becomes better established it becomes easier.
ANDRÉ PIENAAR: If one keeps in mind that Mr Zuma tried to sell Russian reactors costing more than $60 billion to South Africa, then the cost of small nuclear reactors is a mere fraction of that amount. It will of course take pressure off Eskom and put Eskom in a position to supply more electricity to other needs.
I think small nuclear reactors are really supplementary to renewable energy and other established sources of energy. I also think there is great potential for combining small nuclear reactors with, say, green hydro solutions and building green hydro plants.
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