National Treasury currently has no plan on how it will finance the trillion rand nuclear deal signed by South African Energy Minister Tina Joemat-Pettersson last year.
When asked in Parliament how the deal will be financed, Minister Nene admitted that the programme is a substantial financial commitment, and that “Government is undertaking a careful and thorough analysis of financing options to ensure the affordability and long term sustainability of the fiscus and financial soundness of a state owned entity like Eskom”.
It can only be assumed that government has thus recklessly committed itself and inevitably the South African taxpayer to a trillion rand framework agreement without first exploring how it will be financed.
The National Development Plan has also questioned the financial wisdom of South Africa committing to a nuclear spend.
Thyspunt has been identified as the preferred site to build a nuclear power station, despite a number of flaws that have been identified in the Impact Studies.