DeepGeo and Allweld partner for nuclear energy in Africa
US-based Deep Geo Inc and South Africa-based Allweld Nuclear and Industrial have signed a memorandum of understanding to support the development of new nuclear power capacity in Africa.
DeepGeo is best known for its proposals to develop multinational repositories in Ghana, Somaliland and potentially Finland and Canada. Allweld is an Engineering Solutions company which has been serving the nuclear and other sectors in South Africa and beyond since the early 1960s.
The two will work together to promote DeepGeo's Ubuntu Nuclear Energy, a nuclear project company aiming "to lead the development of standardised fleets of nuclear power plants across Africa and beyond", pursuing a "commercial, regional approach" working with one or two technology partners so it can realise standardisation across projects and "progressively localise the supply chain so that more benefits can be realised by the building countries".
Link Murray, President of DeepGEO, said: "Allweld has a stellar international reputation for quality workmanship, reliability, and employee development. It is a natural partner for supporting our regional and cooperative approach to nuclear energy development in Africa - Ubuntu Nuclear Energy. Allweld’s inspired and innovative leadership is helping us to break open Africa’s nuclear gridlock."
Mervyn Fischer, Allweld CEO, said: "DeepGEO is a vibrant and active nuclear company that is clearly deeply committed to the expansion and sustainability of nuclear energy. If the nuclear industry expects to make rapid progress, it can’t continue to do things the same way they have been done before. We need to embrace innovative solutions. African countries, especially, have the clear potential to leapfrog their European and American peers by adopting regional and harmonised approaches."
Ubuntu Nuclear Energy says it is currently working towards establishing its initial projects and is seeking early-stage investment and looking to finalise its technology and supply chain partners.
The MoU says "DeepGEO intends to preferentially partner with Allweld to support the construction, operation and maintenance of its nuclear project opportunities in Africa, and potentially globally … Allweld agrees to lend its support to DeepGEO/Ubuntu Nuclear Energy as a technical expert and business partner to support its sales and investment".
And it says the two companies "seek to advance the goal of Africa reaching full independence in the peaceful uses of nuclear sciences and technologies".
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