South Africa will need to attract investment of R224-billion if it’s to develop a substantial green hydrogen industry, the head of government’s climate finance task team said.
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Eskom chief operating officer Jan Oberholzer has pleaded for an end to talk shops and for an urgent start to building new electricity generation capacity.
Eskom said on Wednesday that the power outlook remained highly uncertain, with unplanned outages often varying by 2GW in one week.
For the third day in the row, Eskom will cut the power during the evening peak, with stage-2 load shedding to take place from 5pm to 10pm on Wednesday.
Ford’s Silverton motor vehicle assembly plant in Pretoria has greatly reduced its reliance on Eskom after switching on a giant solar installation.
South Africa is headed for a record year of power cuts if the rate of station breakdowns fails to improve, particularly at coal-fuelled plants.
Eskom will implement rolling blackouts during the Tuesday evening peak, following a similar schedule to Monday, as it continues to battle plant breakdowns.
By 2030, the company plans to convert its global fleet of 400 mine haul trucks – which operate across platinum, copper and iron ore operations – to hydrogen.
Phillip Dukashe, Eskom’s group executive for generation – and a 26-year veteran of the state-owned power utility – has resigned.
After a lull of just two days, Eskom will revert to cutting the power because it can’t keep up with demand for its only product.