New Economy Forum

Africa’s Only Atomic Plant Bets $1.2 Billion on a Second Life

  • South Africa’s Eskom already investing to extend Koeberg plant
  • Nuclear safety regulator has yet to approve 20-year extension
Koeberg, South Africa’s only nuclear power plant.Photographer: Stringer/AFP via Getty Images
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Eskom Holdings SOC Ltd., South Africa’s indebted power utility, started a billion-dollar round of investments in Africa’s oldest and only nuclear power plant before getting permission from safety regulators that the reactor’s lifetime can be extended.