U.S. Agency to Support 2,500MW Nuclear Project in South Africa

The United States International Development Finance Corp pledged to support NuScale Power LLC, a US nuclear energy technology firm, to develop 2,500 megawatts of power in South Africa.

South Africa’s government drafted an economic recovery plan in conjunction with business and labor groups several months ago in a bargaining forum known as the National Economic Development and Labour Council, in the wake of the coronavirus pandemic.

A version of the strategy that was discussed by the cabinet this week, and seen by Bloomberg, includes suggestions to secure reliable energy…

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