Speaking in a recent interview former Eskom CEO Brian Molefe maintains that a nuclear deal would have benefited the country. Molefe explained what his plan had been to prevent the recent bout of load shedding during his time at the power entity.
During a recent interview ex-Eskom CEO Brian Molefe spoke about his opinions on the situation at the embattled power entity.
Molefe had been appointed as head of the power behemoth in 2015 but had resigned shortly after in 2016.
According to eNCA, Molefe had maintained that the proposed nuclear power deal would have benefited South Africa.
When asked what he would do to rectify the situation at Eskom, if he were still CEO today, Molefe had responded that:
" It is possible to implement and to build nuclear power stations without touching the fiscus. the life of a nuclear plant is in excess of 80 years. The repayment period is less than 20 years.And so, just from that, it is possible to engineer financially something that can fund an asset of 80 that will be funded over 20 years."
Molefe went on to explain that he felt the issue around nuclear energy had been political, saying:
" I think the problem around nuclear had become politics, the personalities and the person who was going to do it, not the science of the finances"
The former CEO claimed that a large part of the problem at the entity was a backlog of maintenance on vital power stations as well as a lack of funding.
Briefly.co.za reported last week that the nation had experienced the introduction of Stage 4 blackouts. The reason for this has been cited as a lack of maintenance on existing power plants as well as poor workmanship and design for the two newest stations.
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