Carol Paton, BDLive, 28 January, 2016.
THE Nuclear Energy Corporation of SA (Necsa) is in a protracted battle with the auditor-general over who is responsible for the cost of decommissioning and decontaminating used nuclear material.
Necsa is arguing that it cannot be expected to take on the full burden.
(Contributor note: At last, pressure to internalise costs, let’s hope the AG can make it stick!)
Calculating the cost of decommissioning and funding it is a critical issue in the management of nuclear energy and one over which there is much contention internationally between operators, regulators and governments.
It will be a major issue for SA’s forthcoming nuclear build programme.
Decommissioning and decontamination costs are expected to be Necsa’s major expense in the future and should be reflected as a contingent liability on its balance sheet. These relate in large part to SA’s old weapons programme during apartheid days, but also to the current activities at Necsa.
The matter is one of several holding up the finalisation of Necsa’s annual financial statements for 2015, which are now four months overdue.