The US International Development Finance Corporation (DFC), which was authorised by US authorities to support nuclear power projects abroad in July 2020, has signed a letter of intent (LoI) to support NuScale, a US nuclear energy technology firm, to develop 2.5 GW of nuclear capacity in South Africa. South Africa has a PWR nuclear plant with a capacity of 1 860 MW (2 x 930 MW), located in Koeberg, near Cape Town, which has been operational since 1984. If successful, NuScale would be the first nuclear independent power producer in Africa.
In June 2020, the Department of Mineral Resources and Energy (DMRE) of South Africa published a Request for Information (RFI) for a 2 500 MW nuclear new-build programme. The technology used could be mostly Small Modular Reactors. It is expected to provide the government with insight into the cost of the programme, possible ownership structures, cost recovery, the end user cost, and the sustainability of the programme. There is not currently a timeline for this project, but it is expected to complete the procurement process by 2024.
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