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Eskom pauses nuclear expansion plan

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Eskom pauses nuclear expansion plan

Eskom cannot afford to expand its nuclear power capacity, Calib Cassim, acting CFO of the South African utility, said yesterday. Cassim was speaking to reporters during the release of Eskom's financial results for the six months to 30 September 2017. Eskom, which operates the sole nuclear power plant on the African continent, reported a 34% drop in interim profits to ZAR 6 billion ($504 million) due to declining sales and higher financing costs.

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