Eskom Will Choose Winner of Nuclear Plant Bid by Year End

November 13th, 2008 - Posted in greenenergy

By Ron Derby

Nov. 13 (Bloomberg) — Eskom Holdings Ltd., South Africa’s state-owned power utility, will select the winner of a tender for the construction of a 120 billion-rand ($11.7 billion) nuclear power plant in the country by January.

“We will announce the outcome of the commercial process before the end of the year,” Fani Zulu, a spokesman for Johannesburg-based Eskom, said in an interview today.

A group led by Areva SA proposed building two 1,650-megawatt reactors, while Toshiba Corp.’s Westinghouse Electric Co. offered to build three 1,140-megawatt reactors.

Output from Eskom, which supplies 95 percent of South Africa’s power, hasn’t kept pace with economic growth in Africa’s biggest economy. The utility has invoked power-reduction agreements with Anglo American Plc, Xstrata Plc and Mittal Steel South Africa Ltd.

Eskom will “have to review energy investments,” because of the slowdown in the global economy, Zulu said. “It is not a uniquely Eskom thing, it is happening everywhere.”

To contact the reporter on this story: Ron Derby in Johannesburg at rderby1@bloomberg.net
Last Updated: November 13, 2008 07:29 EST

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