The Koeberg nuclear plant is the only nuclear power plant in Africa. Construction began in the 1970s and the plant came online in 1984. It operates under a licence from the National Nuclear Regulator (NNR) which expires in July 2024. In 2010 the Eskom Board approved spending R20bn on refurbishing Koeberg to extend its life by 20 years, provided that it received approval from the NNR. That approval has not as yet been given to Eskom by the NNR.
Currently Koeberg provides 3.5% of national nominal generating capacity, although over the past few years it has been plagued by problems. For most of 2022, unit 2 has been offline and the plant has run at half of its nominal capacity.
It is generally agreed that nuclear power comes with an inherent risk. What is hotly debated is whether or not there are benefits which outweigh that risk. When it comes to the Koeberg Nuclear Power Plant, Eskom have had the approach that since Koeberg produces electricity at a cost of around R0.45 per kWh, it is a ‘no-brainer’ to spend whatever is needed on a refurbishment to extend the life of the plant beyond the end of its design life in 2024.
A recently released modelling report estimates that doing that refurbishment would result in additional costs of R50bn “from a combination of the actual costs of life extension, additional open cycle gas turbine (OCGT) usage, large key-customer curtailment requests/instructions, and scheduled load-shedding.” It will also increase carbon emissions due to the additional use of OCGTs.