Business Maverick, Politics, Sci-Tech
PBMR to be closed within a few weeks
The Pebble Bed Modular Reactor, the South African government's failed experiment with "pocket nuke" power stations is set to be shut down sometime this month. This is after the PBMR failed to attract investors and customers for the nuclear power stations it was supposed to build. The company, founded 11 years ago to build pebble bed nuclear power stations, has not built a single one of these proposed stations, despite swallowing over R9 billion in public funds. Despite government's assurances that the skills acquired in the project will be retained, they are trying to make what has been an immensely expensive and ultimately fruitless fling with pebble bed nuclear technology go away as quickly as possible. Read more: Cape Times and Reuters Africa.
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