South Africa and China sign nuclear energy pact

China and South Africa sealed three nuclear pacts, as a contest intensifies for contracts to build new atomic plants in the continent’s second-largest economy.

South Africa plans to install 9,600 megawatts of nuclear energy by 2030 and China Guangdong Nuclear Power Holding Corp., Russia’s Rosatom Corp and France’s Areva SA, are among companies that have expressed interest in tendering bids. On Nov. 7, the South African and Chinese governments signed a nuclear cooperation agreement, a precursor to procurement.

Read more: China, South Africa Sign Nuclear Pacts as Plant Bid Battle Looms – Bloomberg.

Recommended