Peco Energy of the US is to support the pebble bed modular high temperature reactor development project being spearheaded by South African utility Eskom. Peco will invest around Rd50 million ($7.5 million) and will acquire a 10 per cent stake. The money will contribute to the current phase of the project, which is a detailed feasibility study. Peco’s is the second contribution from a major foreign player, with BNFL investing Rd100 million ($16 million) two months ago.
