Business Day

Nuclear’s hidden costs

-

DEAR SIR — David Gleason is correct that the cheapest source of extra electricit­y now is from importing East African gas (Torque, August 21).

His argument is strengthen­ed by the Shanduka precedent. Orders placed to build new gas-fired power stations in Mozambique could have them transmitti­ng electricit­y to SA even before Medupi and Kusile are completed.

This is the cost-effective, rational choice, and should be SA’s priority.

But the Torque column needs more clarity on some of its comparison­s.

The total cost of Medupi might end up as R36,500/kW. But this cannot be compared only with the “overnight costs” of atomic power stations.

We, taxpayers and consumers, must add on to the “overnight costs” of atomic power stations all the interest charges and fees, which add on a third, even before the build starts to run over schedule. Plus what the atomic industry calls “owner’s costs”, which are another significan­t 1%.

Last, the countries now decommissi­oning the first atomic power stations built in the 1950s find that total decommissi­oning costs appear to be up to 25% of the constructi­on costs. Add on to that the costs of long-term storage for highlevel radioactiv­e waste. All this is vastly more costly than Medupi and Kusile.

Also, solar power stations across our Kalahari Desert districts do not have to fear the sun is not shining.

Keith Gottschalk

Claremont

Newspapers in English

Newspapers from South Africa