The R135-billion Medupi power plant won’t ever make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation, one of its funders said.
Browsing: African Development Bank
The UK is considering guaranteeing at least $1-billion of South African debt as part of a deal designed to cut the nation’s reliance on coal.
Eskom is pitching a R140-billion plan to global lenders that would see it shut the vast majority of its coal-fired plants by 2050 and embrace renewable energy.
South Africa plans to announce a R350-billion infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.
The largest decline in reliable electricity supply in recent years occurred in South Africa, but much of the rest of the continent is in far worse shape as electrification projects have stalled.
Rwanda is hoping for a boom in business with plans to offer free Wi-Fi-based Internet access nationwide, starting with a roll-out in the capital city, Kigali. The Rwandan government started the city-wide roll-out last month, targeting schools, public buildings, bus stations and hotels in the city first. IT minister
Details are emerging of plans for the construction of yet another high-capacity submarine telecommunications cable to serve the African continent. The Wasace cable, which will connect Africa, including SA, with South America, North America and Europe, and which will cost
Power utility Eskom signed a US250m (R1,9 billion) loan on Monday that will finance the building of SA’s largest solar energy and wind power generation projects. Signing the guarantee, finance minister Pravin Gordhan said SA had a “huge comparative advantage”